S&P 500 Falls 1%; Accenture Posts Upbeat Earnings

Market Overview - U.S. stocks traded lower, with the Nasdaq Composite falling more than 1% on Thursday, Dow down 0.64% to 45,824.16, NASDAQ down 1.19% to 22,229.54, and S&P 500 down 1% to 6,571.28 [1] - Energy shares increased by 0.5%, while health care stocks decreased by 1.4% [1] Company Earnings - Accenture (NYSE: ACN) reported better-than-expected fourth-quarter 2025 results, with earnings of $3.03 per share, exceeding the analyst consensus estimate of $2.96, and sales of $17.60 billion, slightly above the consensus estimate of $17.36 billion [2] Stock Movements - PepGen Inc. (NASDAQ: PEPG) shares surged 89% to $5.03 after announcing a $100 million public offering at $3.20 per share [8] - SciSparc Ltd. (NASDAQ: SPRC) shares increased by 101% to $7.71 following the announcement of a quantum computing-enabled 3D protein modeling initiative [8] - Plus Therapeutics, Inc. (NASDAQ: PSTV) shares rose 30% to $0.5264 after a national coverage agreement with UnitedHealthcare [8] - Stitch Fix, Inc. (NASDAQ: SFIX) shares fell 14% to $4.88 after releasing fourth-quarter results [8] - CarMax, Inc. (NYSE: KMX) shares dropped 23% to $43.86 after reporting second-quarter EPS and sales below estimates [8] - Cemtrex, Inc. (NASDAQ: CETX) shares declined 31% to $0.4359 after a 1-for-15 reverse stock split approval [8] Commodity Prices - Oil traded down 0.2% to $64.88, gold down 0.2% to $3,761.50, silver up 1.2% to $44.725, and copper down 1% to $4.7660 [5] European Market Performance - European shares were lower, with the eurozone's STOXX 600 down 0.52%, Spain's IBEX 35 down 0.18%, London's FTSE 100 down 0.24%, Germany's DAX 40 down 0.62%, and France's CAC 40 down 0.46% [6] Asian Market Performance - Asian markets closed mostly lower, with Japan's Nikkei 225 gaining 0.27%, while Hong Kong's Hang Seng declined 0.13%, China's Shanghai Composite fell 0.01%, and India's BSE Sensex fell 0.68% [7] Economic Indicators - U.S. wholesale inventories declined by 0.2% month-over-month to $898.8 billion, against market estimates of a 0.1% increase [11] - U.S. durable goods orders increased by 2.9% month-over-month to $312.1 billion, compared to a revised 2.7% decline in July [11] - The U.S. trade deficit in goods shrank by $17.3 billion month-over-month to $85.5 billion, compared to market estimates of $95.65 billion [11] - Initial jobless claims decreased by 14,000 to 218,000, against market estimates of 235,000 [11] - The U.S. economy grew at an annualized rate of 3.8% in the second quarter, up from 3.3% in the second estimate [11]