CarMax shares plunged 20% after reporting lower-than-expected sales and profits for the fiscal second quarter. CEO Bill Nash cited challenges including demand pull-forward and inventory depreciation. Meanwhile, Intel shares surged 8.9% amid reports of seeking an investment from Apple. Jabil’s revenue beat forecasts, but shares slipped 6.7% due to pressure in automotive and renewable energy segments.

Major U.S. equities indexes fell ahead of a key inflation report, with the S&P 500 and Nasdaq down 0.5% and the Dow down 0.4%. Oracle saw a 5.6% drop after Rothschild Redburn initiated coverage with a “sell” rating. HSBC announced a successful quantum computing bond trading trial with IBM, resulting in a 34% improvement in market predictions.

Lithium Americas shares soared 23% following reports of a potential government stake, as the company holds a majority stake in the Thacker Pass lithium mine. Albemarle, the world’s largest lithium miner, gained 4%. IBM shares rose 5.2% after the successful quantum computing trial.

Read more at Yahoo Finance: CarMax Stock Skids, Oracle Retreats; Intel Pushes Higher