Global markets witnessed one of the most volatile sessions in recent weeks, driven by corporate announcements and key economic data.
Intapp surged 27% after announcing a $150 million share buyback plan, boosting investor confidence in its long-term outlook. Webtoon jumped 42% following a strategic partnership with Disney, opening doors to rapid user base expansion, while Sapiens matched that 42% rally after revealing a massive $2.5 billion acquisition aimed at expanding global operations.
Not all companies shared in the gains โ Cava plunged 24% after disappointing quarterly earnings, while CoreWeave, Rigetti, and H&R Block also saw declines amid revenue slowdown concerns.
All this comes against the backdrop of encouraging US inflation data, which has raised expectations for a Federal Reserve interest rate cut in September. Such a move could inject fresh liquidity into markets and potentially fuel a bullish rally.
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