Markets: 2026-08-11 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)**: -0.32%, closed at 7,728.2 - **Nasdaq Composite (COMP)**: -0.60%, closed at 26,445.45 - **Dow Jones Industrial Average (DJIA)**: -0.34%, closed at 53,791.85 - **Russell 2000 (RUT)**: +0.32%, closed at 3,027.12

Sector leaders and laggards

- Leaders: Utilities +1.11% - Laggards: Consumer Discretionary -1.16%

Notable movers

Sea Limited (SE) +14.56%

Sea reported second-quarter revenue of approximately $7.8 billion, up 48% year over year, with strong growth across Shopee, Monee and Garena and reaffirmed operating targets. A double-digit earnings rally in a large, highly liquid Southeast Asian internet platform with broad e-commerce, fintech and gaming relevance.

Sources: dated closing quote and volume · primary company results · catalyst corroboration

On Holding AG (ONON) -21.17%

On reported better-than-expected quarterly profit, but its upcoming-revenue forecast fell short of expectations; management also indicated it did not want to use price cuts to stimulate sales. A severe earnings reset in a widely followed premium-footwear company, with more than $1.3 billion in closing-price dollar volume and read-through for branded athletic apparel.

Sources: dated closing quote and volume · catalyst and closing-move corroboration · primary company results

Riot Platforms, Inc. (RIOT) +4.33%

Riot announced a landmark 20-year AI-compute/data-center agreement valued at approximately $9.1 billion, with Anthropic identified as the counterparty; the stock surrendered much larger early gains but still closed higher. The deal underscores the migration of bitcoin-mining infrastructure toward AI hosting, while the sharp intraday fade showed disagreement over economics and execution risk.

Sources: dated closing quote and volume · primary company catalyst source · deal and trading-action corroboration

NIQ Global Intelligence plc (NIQ) +41.95%

NIQ reported strong second-quarter 2026 results after the August 10 close; the following session also brought several analyst price-target increases. The largest eligible operating-company gain found, with nearly $163 million of closing-price dollar volume and a post-earnings breakout.

Sources: dated closing quote and volume · primary catalyst source

Aramark (ARMK) +8.54%

Aramark rallied after reporting quarterly profit and revenue above analysts' expectations. A sizable earnings move in a defensive, contract-based food and facilities-services company, with implications for institutional spending, labor costs and margins.

Sources: dated closing quote and volume · catalyst and closing-move corroboration · primary company results

Cardinal Health, Inc. (CAH) +1.30%

Cardinal Health rose after its fiscal-quarter profit exceeded analysts' expectations. The percentage move was modest, but the stock traded through a very wide intraday range on earnings and generated more than $700 million in closing-price dollar volume.

Sources: dated closing quote and volume · catalyst and closing-move corroboration · primary company results

Tencent Music Entertainment Group (TME) -11.92%

The selloff coincided with Tencent Music's quarterly-results window, but the reviewed sources did not support a sufficiently precise attribution beyond investor concern about the results and monetization outlook. A double-digit, high-volume decline in a major Chinese online-music platform, relevant to ADR sentiment and subscription-versus-advertising monetization trends.

Sources: dated closing quote and volume · primary company results archive

Cardinal Infrastructure Group Inc. (CDNL) -36.22%

The decline occurred during the company's scheduled quarterly-results window, but the reviewed sources did not establish a sufficiently precise fundamental driver for the magnitude of the selloff. The steepest eligible billion-dollar operating-company decline identified, with about $140 million in session dollar volume.

Sources: dated closing quote and volume · earnings-calendar corroboration

Stock spotlight

Today’s detailed follow-up focuses on **Sea Limited (SE)**, the strongest verified editorial candidate from this slate.

_MacroShed Markets is informational analysis, not investment advice._