Before the bell, some companies made headlines. Carvana rose 16% after working out a deal to reduce their total debt by more than $1.2 billion. Interactive Brokers' shares declined 5%, as their second-quarter adjusted earnings of $1.32 per share missed the Refinitiv forecast of $1.40. Omnicom's stock dropped 6%, as their second-quarter revenue missed the FactSet estimate of $3.67 billion. Goldman Sachs decreased 0.3% when their second-quarter earnings of $3.08 a share were lower than Refinitiv's projection of $3.18. Joby Aviation shares slid 6.3% after JPMorgan downgraded them to underweight, claiming their rally was "largely overblown." Cinemark shares fell 3.3% when JPMorgan downgraded them because of the actors strike in Hollywood. J.B. Hunt Transport Services stock decreased 2.2%, missing the mark on second-quarter earnings of $1.81 per share on revenue of $3.13 billion. Western Alliance Bancorporation shares dipped 2.4% following a mixed second-quarter result of $1.96 a share and $669 million in revenue. U.S. Bancorp's stock decreased 1% when they reported second-quarter results of $1.12 in adjusted earnings per share and $7.14 billion in revenue. Meanwhile, Nasdaq's shares rose 0.3% when they beat profit and sales expectations in their second-quarter report of 71 cents per share on revenue of $925 million.
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