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<h2><strong>Top S&P 500 Movers on Wednesday</strong></h2>
<p>Recent trading activities have showcased significant shifts within the S&P 500 index.</p>
<h3><u>Decliners</u></h3>
<ul>
<li><strong>Intel</strong> (INTC) experienced a significant drop of 7%, marking the weakest performance in the S&P 500 for the day. This decline followed concerns about potential U.S. government equity stakes, reversing gains from the previous day linked to a substantial investment from Japan's SoftBank (SFTBY).</li>
<li><strong>Micron Technology</strong> (MU) and other chipmakers with CHIPS Act support saw a 4% decrease in stock prices due to reports suggesting similar agreements could be sought by the Trump administration as with Intel.</li>
<li><strong>Target</strong> (TGT) shares fell by 6.3% as the company announced the stepping down of CEO Brian Cornell. Current COO Michael Fiddelke will succeed him as of next year, coinciding with a reported decline in sales.</li>
</ul>
<h3><u>Advancers</u></h3>
<ul>
<li><strong>Analog Devices</strong> (ADI) bucked the downward trend in the semiconductor sector, rising 6.3% after exceeding earnings expectations and providing a promising outlook amidst prevailing uncertainties.</li>
<li><strong>Medtronic</strong> (MDT) shares rose by 3.7% following the announcement of additions to its board, driven by activist investor interest, prompting analysts to increase their price targets.</li>
<li><strong>Bunge</strong> (BG) saw a 3.1% increase after JPMorgan initiated coverage with an "overweight" rating, indicating potential benefits from upcoming biofuel policies and recent acquisitions.</li>
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<h2><strong>Palantir Shares Continue to Decline Amid Valuation Concerns</strong></h2>
<p>Palantir (PLTR) stock fell for the sixth consecutive day as concerns regarding its inflated valuation were raised by short seller Andrew Left. The stock closed down 1% at $156.</p>
<h2><strong>Markets Prepare for Federal Reserve Chair's Speech</strong></h2>
<p>Jerome Powell is set to address the Jackson Hole Symposium on Friday, a pivotal moment for market sentiment and potential interest rate movements.</p>
<h2><strong>La-Z-Boy Faces Stock Decline After Earnings Report</strong></h2>
<p>La-Z-Boy (LZB) shares dropped sharply as profit fell amid reduced foot traffic and demand. The company reported a decrease in adjusted earnings and revenue, contributing to a slide of 12% in stock price.</p>
<h2><strong>Estée Lauder Shares Dip Following Weak Results</strong></h2>
<p>Estée Lauder (EL) reported a wider-than-expected quarterly loss and disappointing projections, leading to a 5% drop in stock value and pulling down the year-to-date gain to around 14%.</p>
<h2><strong>Lowe's Raises Outlook After Strong Earnings</strong></h2>
<p>Lowe's (LOW) shares increased after surpassing earnings expectations with strong sales from both contractors and DIY customers, prompting an upward revision of its sales forecast.</p>
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