Markets: 2026-07-29 Close

A sourced recap of the previous completed U.S. trading session. Closing moves are not real-time quotes.

The market tape

- **S&P 500 (SPX)**: -1.52%, closed at 7,316.15 - **Nasdaq Composite (COMP)**: -1.74%, closed at 24,442.94 - **Dow Jones Industrial Average (DJIA)**: -2.19%, closed at 51,594.14 - **Russell 2000 (RUT)**: -1.61%, closed at 2,906.31

Sector leaders and laggards

- Leaders: Energy +1.88%; Consumer Staples +0.33% - Laggards: Industrials -3.23%; Information Technology -2.57%

Notable movers

Parsons Corporation (PSN) -35.00%

Parsons collapsed after Q2 2026 results showed revenue down 1% year over year, net income of negative $15 million, sharply lower adjusted EBITDA, charges tied to portfolio-shaping actions and a joint-venture program, and revised 2026 guidance. A severe single-stock reset in an infrastructure and defense-services contractor, with company-specific charges overwhelming otherwise positive backlog and bookings commentary.

Sources: closing quote · catalyst

Micron Technology, Inc. (MU) -9.94%

Micron was swept into the AI-memory and semiconductor selloff after SK Hynix reported record revenue and profit but still failed to meet elevated analyst expectations, intensifying scrutiny of AI hardware growth assumptions. A massive-dollar-volume drop in one of the key memory beneficiaries of the AI buildout; the move suggests investors were repricing the entire HBM/memory complex.

Sources: closing quote · catalyst

Hims & Hers Health, Inc. (HIMS) -14.73%

Shares tumbled after the FTC, Utah and California alleged the company shared sensitive consumer health information with third-party advertising platforms and challenged billing practices; Hims & Hers called the claims baseless. A regulatory/privacy overhang hit a high-growth digital-health name already prone to large sentiment swings.

Sources: closing quote · catalyst

NVIDIA Corporation (NVDA) -3.55%

Nvidia was the heaviest weight on the S&P 500 as AI-hardware winners sold off amid higher rates, scrutiny of AI returns, and semiconductor-sector weakness. The market's largest AI bellwether led index pressure, making a mid-single-digit decline material for the whole tape.

Sources: closing quote · catalyst

Huron Consulting Group Inc. (HURN) +40.37%

Shares surged after Huron reported record Q2 2026 results, including 16% revenue growth, margin expansion, strong cash flow, and raised full-year guidance. A mid-cap professional-services name posted one of the cleanest earnings-driven upside reactions of the session despite a sharply weaker tape.

Sources: closing quote · catalyst

Manhattan Associates, Inc. (MANH) +21.32%

The supply-chain software company rallied after Q2 results highlighted record Q2 and first-half performance, 26% cloud revenue growth, strong RPO/bookings, and raised 2026 revenue, margin, and EPS guidance. A large software move in the opposite direction of the broader technology selloff, suggesting investors rewarded execution and guidance clarity.

Sources: closing quote · catalyst

KLA Corporation (KLAC) -10.79%

KLA fell despite stronger-than-forecast profit and revenue, as investors punished semiconductor equipment names with elevated expectations after a large first-half rally. The move shows that even beats were not enough for AI-adjacent semiconductor capital-equipment stocks in a harsher valuation tape.

Sources: closing quote · catalyst

SoFi Technologies, Inc. (SOFI) -8.90%

SoFi sold off heavily on its Q2 earnings day, with the stock leading U.S. volume among liquid operating-company movers as investors de-risked financial/fintech exposure into a volatile rates backdrop. The most active common stock in the tape, combining earnings sensitivity, retail participation, and interest-rate uncertainty.

Sources: closing quote · catalyst

Stock spotlight

Today’s detailed follow-up focuses on **Parsons Corporation (PSN)**, the strongest verified editorial candidate from this slate.

_MacroShed Markets is informational analysis, not investment advice._