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Strategic Education's stock rose 3% as Bank of America upgraded it to buy from neutral, with the firm citing potential strong earnings ahead. Xpeng's shares decreased 5% following a larger-than-anticipated loss in the second quarter; the electric car maker reported a 2.8 billion yuan (2.13 billion yuan estimated) loss, though it met expectations for revenue with 5.06 billion yuan. On the other hand, Ross Stores showed an upturn of 6% after it beat its expected second-quarter EPS of $1.16 with $1.32 and its expected revenue of $4.75 billion with $4.93 billion. Bank of America initiated coverage of Blue Bird with a buy rating, causing stock in the school bus manufacturer to surge 4%. Keysight Technologies suffered a 12% drop due to a weak fiscal fourth-quarter outlook, with the electronic design company predicting adjusted EPS in the range of $1.83 to $1.89 and revenue of $1.29 billion to $1.31 billion; meanwhile, FactSet's analysts forecast an adjusted $2 per share on $1.39 billion in revenue. Estee Lauder's stocks dropped 2% after issuing lower-than-anticipated guidance; the company expects an adjusted loss of 31 cents to 21 cents per share, which is lower than the 98 cents per share expected by FactSet analysts. Nvidia's shares went down 1% ahead of its quarterly results next Wednesday. FactSet analysts are expecting an adjusted $2.08 cents per share on $11.1 billion in revenue. Lastly, a range of Chinese businesses, such as Alibaba, JD.com, PDD, and Nio, experienced losses as Wall Street assesses the country's unsteady economic standing. Despite Deere's beats on the top and bottom lines of its fiscal third quarter with earnings of $10.20 per share and revenue of $15.8 billion (analysts expected $8.20 per share and $14.25 billion in revenue), its stock declined by over 3%.— CNBC's Alex Harring and Michelle Fox contributed reporting.
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