The data and analytics sector posted broadly better-than-expected Q2 results, with revenue coming in 2.6% above consensus estimates and next quarter revenue guidance 1.3% ahead. On average, the group’s shares have risen 8.1% since the earnings releases. Palantir reported revenue of $1.94 billion, up 92.8% year on year and 6.7% above expectations, while Samsara posted $508.4 million in revenue, up 29.9% and 5.2% ahead of forecasts. Domo was the slowest-growing company in the quarter.

Contango Silver & Gold Inc. (CTGO) issued 2027 production guidance for the Manh Choh mine, targeting annual output of 75,000 ounces of gold. The company expects all-in sustaining costs (AISC) of $1,200$1,300 per ounce. It is also advancing an updated mineral resource estimate (MRE) for the Kitsault project and a feasibility study for the Lucky Shot project.

Drone maker AeroVironment reported a net loss of $5.1 million for fiscal 2025 first quarter, but posted adjusted earnings of $0.59 per share, well above analysts’ $0.22 estimate. Revenue came in at $480.5 million, also ahead of the $467.9 million consensus forecast. The company guided for full-year earnings of $3.02 to $3.34 per share and revenue of $2.13 billion to $2.23 billion. Despite the beat, the stock is down 42% year to date and last traded at $140.80.

U.S. stocks fell after Brent crude surged 3.4% to climb back above $100 a barrel for the first time since July. The jump in oil followed the latest attacks between the U.S. and Iran, which have stifled the flow of oil through the Strait of Hormuz. The S&P 500 slipped 0.5%, the Dow fell 0.8%, and the Nasdaq lost 0.6%. Treasury yields also moved higher.

American Eagle Outfitters reported fiscal second-quarter net income of $134.1 million and revenue of $1.38 billion, beating Wall Street expectations. Analysts had projected revenue of $1.37 billion on average.

U.S. stocks fell on Wednesday, with the S&P 500, Nasdaq and Dow all ending lower. Brent crude rose above $100 a barrel, stoking inflation worries, while Treasury yields climbed ahead of key inflation readings. Investors are also weighing the possibility of a Federal Reserve rate hike next week.

International oil prices pushed through $100, with Brent crude closing up 3.3% at $101.21 a barrel and WTI up 3.2% at $96.05. Both contracts posted their highest closing levels since May 22. Fresh developments in the U.S.-Iran conflict raised concerns about supply risks in global energy markets.

The U.S. Supreme Court has given California Attorney General Rob Bonta and 11 other Democratic-state attorneys general two weeks to respond to Iowa and Montana’s challenge to their lawsuit aimed at blocking the $111 billion Paramount–WBD merger. The deadline lands as the blue-state coalition is set to oppose Paramount’s request for a $1.88 billion bond before a federal judge in Oakland. It also comes just days before a $7 million-per-day ticking fee to Warner Bros. Discovery shareholders is scheduled to take effect, according to Deadline.