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Ally Financial shares dropped by 17.6% after the CFO mentioned increased credit challenges in the third quarter, particularly in auto loans for retail customers. On the positive side, Mission Produce and Calavo Growers saw their shares increase by 21.5% and 11% respectively, following strong revenue and earnings reports. Oracle experienced a surge of more than 11% after beating expectations in their fiscal first quarter. Boot Barn also jumped by 10% after reporting growth in preliminary same-store sales for the fiscal second quarter. However, Hewlett Packard Enterprise fell by more than 8% due to plans to sell convertible preferred stock for acquisitions. Rubrik, Patterson-UTI Energy, and Southwest Airlines all saw declines in their stock prices. On a brighter note, Alibaba’s U.S. shares rose by 2.9% following positive news about listing in stock connect programs. JPMorgan, on the other hand, fell by more than 5% after cautionary statements about market expectations.

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