By Joe Woelfel, Elsa Ohlen and Mackenzie Tatananni

Stocks were mostly lower on Thursday after wholesale inflation picked up more than expected in July.

These stocks were making moves Thursday:

Bullish, the crypto exchange and owner of CoinDesk, was up 8.7% after closing up 84% to $68 in its trading debut Wednesday. The stock opened for trading at $90, 143% above its initial public offering price of $37. Bullish raised more than $1.1 billion through the sale of 30 million shares. The company's market value at the close of trading Wednesday was about $10 billion.

Cisco Systems reported fiscal fourth-quarter adjusted earnings of 99 cents a share, narrowly beating analysts' estimates of 98 cents, as revenue rose 7.6% to $14.7 billion and exceeded forecasts of $14.62 billion. Cisco said artificial-intelligence infrastructure orders exceeded $800 million, bringing the fiscal 2025 total to more than $2 billion, well above Cisco's original $1 billion target. The computer networking company said it expects fiscal first-quarter earnings of 97 cents to 99 cents a share on revenue of $14.65 billion to $14.85 billion. Analysts were expecting profit of 97 cents on revenue of $14.62 billion. Shares fell 1.6%.

Miami International soared 30% on Thursday in its trading debut. The stock's first trade was $31 a share, 35% higher than its initial public offering price of $23. The fintech specializes in options, futures, and derivatives trading through its MIAX exchanges.

Coherent tumbled 22%, even after posting better-than-expected fiscal fourth-quarter adjusted profit of $1 a share late Wednesday. The optical networking company issued an outlook for first-quarter revenue of between $1.46 billion and $1.6 billion versus expectations of $1.5 billion, and called for adjusted earnings of 93 cents to $1.13 a share compared with forecasts of $1.02. Coherent said it had reached an agreement to sell its aerospace and defense business to private-equity group Advent for $400 million.

Deere fell 6.7%. While the maker of agricultural and construction equipment reported better-than-expected third-quarter earnings, it trimmed its fiscal year guidance. Chief Executive John May said Deere was "continuing to address the high levels of used equipment in the industry."

Tapestry tumbled 14% after the fashion-brand company said it expects fiscal 2026 earnings of $5.30 to $5.45 a share, below Wall Street estimates of $5.49.

Advance Auto Parts declined 7.5%. The aftermarket car-parts retailer narrowed its outlook for the year, saying it expects adjusted earnings from continuing operations in the range of $1.20 to $2.20 a share, down from prior guidance of $1.50 to $2.50 a share.

Shares of newly merged Paramount Skydance were down 6.1%. The entertainment company closed at $15 a share on Wednesday, a nearly 37% gain, to mark its largest daily percentage increase on record, according to Dow Jones Market Data. The stock ended Wednesday's session as the top performer in the S&P 500. Paramount and Skydance completed their merger last Thursday.

U.S.-listed shares of JD.com fell 3.4%. The Chinese online retailer topped Wall Street's earnings and revenue expectations. CEO Sandy Xu said the company's food delivery business had "made healthy progress during the quarter in metrics such as order volume growth, merchant base expansion, full-time rider recruitment, and more importantly, synergies with retail and other existing businesses of JD."

TeraWulf surged 45% after Alphabet's Google took a stake in the Bitcoin mining company as part of an artificial-intelligence hosting deal.

Ibotta sank 31% after the performance marketing platform reported second-quarter adjusted earnings that beat analysts' expectations but revenue that missed. The company sees revenue of between $79 and $84 million in the current third quarter, down 17% from last year at the midpoint and well below estimates.

Shares of dLocal surged 22%. The payments platform, which focuses on emerging markets, posted second-quarter adjusted earnings of 14 cents a share, beating Wall Street estimates of 13 cents. Revenue jumped 50% from a year earlier to $256.5 million, while total payment volume reached a record $9.2 billion, up 53% year over year.

Intuitive Machines declined 15% after the space technology services company announced the pricing of a $300 million offering of convertible senior notes, up from a previously announced offering of $250 million.

CVS Health was up 1.2% to $66.66. Analysts at Baird upgraded shares of the healthcare giant to Outperform from Neutral and raised their price target to $82 from $71.

Earnings reports are expected later Thursday from Applied Materials and Quantum Computing.

Write to Joe Woelfel at joseph.woelfel@barrons.com and Mackenzie Tatananni at mackenzie.tatananni@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

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August 14, 2025 14:13 ET (18:13 GMT)

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