SMMT Dropped 9.4% Today, Its Biggest One-Day Move in 20 Sessions

Transcript

SMMT dropped 9.4% today, its biggest one-day move in 20 sessions. In our Top stock story, Summit Therapeutics finished the session down 9.4% to close at $15.52. Over the past seven days, the stock is lower by 10.34%. Turning to the close, Wall Street ended today's session slightly in the red across the board. The S&P 500 slipped 0.02% to close at 7,805. The Nasdaq Composite finished down 0.15% at 27,204. Meanwhile, the Dow Jones Industrial Average fell 0.35% to finish at 51,670. In crypto markets, major digital assets are trading mixed over the past 24 hours. Bitcoin is up 0.23% to trade at $83,220. Ethereum is down 0.54%, trading at $2,508. Foreign exchange markets are largely flat on the session. The euro stands at 1.1171 against the US dollar. The dollar sits at 158.54 against the Japanese yen. Commodities show diverging paths this afternoon. West Texas Intermediate crude oil gained 1.27% to reach $94.93 a barrel. Gold edged lower by 0.22% to trade at $4,182 an ounce. In fixed income, the benchmark US 10-year Treasury yield fell two basis points to 5.22%. Looking at broader US macro data, the unemployment rate stood at 4.20% as of September first, 2026. Looking ahead to tomorrow, corporate earnings take center stage before the opening bell. Bank of America is scheduled to report third-quarter earnings with a consensus earnings per share of 1.16. Morgan Stanley will also report with an expected 3.17 per share. BlackRock Finance is scheduled to release results, carrying a consensus estimate of 14.40. Fastenal Company is set to post earnings as well, with consensus sitting at 0.34 per share. That's Market Close on rawfin.tv. Information, not investment advice.