CHARLOTTE, N.C. (AP) — Carolina Panthers wide receiver Xavier Legette may not be playing in Saturday’s preseason game at the Buffalo Bills after suffering a stinger early in training camp.
A former first-round draft pick, Legette closed the team’s practice session Wednesday with what head coach Dave Canales called a “walk off touchdown” catch from quarterback Bryce Young.
Canales had a positive outlook about Legette following his return to practice Wednesday.
“It was good to see him back out there, playing like himself and playing fast,” Canales said. “I don’t think he’ll play (Saturday). We haven’t gotten him to that level of conditioning. He’s doing a phenomenal job and he’s a guy that we’re counting on.”
Legette said he spent the offseason working to improve his skills and that he recognized why some are questioning his future, especially after losing his starting job late last season to undrafted free agent Jalen Coker.
"I’m just focusing on the details,” said Legette, who was injured in an Aug. 4 practice session after landing awkwardly on his head and neck. “Everything that was on tape last year that was bad, I looked at that and tried to do things better. I’m always trying to work on getting better.”
The last pick of the first round of the 2024 draft, Legette has caught 84 passes for 860 yards and seven touchdowns in 31 games.
Legette was asked if his confidence had been shaken following last year’s 35-catch season, down from the 49 receptions he had during his rookie year.
“I ain’t never lost my confidence,” Legette said. “I’m just trying to continue to make plays. I’m happy to be here.”
In addition to workouts at the Panthers facility, Legette said he, along with other Carolina receivers, worked out with Young in Los Angeles and Arizona this offseason in hopes of improving on his receiving skills and chemistry with his quarterback.
“I’m just working on the details and trying to get those things right,” Legette said.
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Carolina Panthers wide receiver Xavier Legette (17) waves to fans during the NFL football team's fan fest Friday, July 31, 2026, in Charlotte, N.C. (AP Photo/Scott Kinser)
NEW YORK (AP) — Wall Street is flirting with a record Wednesday after several AI stocks reported better growth for the spring than analysts expected, while a report showed inflation across the United States was slightly less bad last month.
The S&P 500 added 0.3% and was on track for its first gain since setting its all-time high on Friday. The Dow Jones Industrial Average was up 23 points, or less than 0.1%, as of 1:14 p.m. Eastern time, and the Nasdaq composite was 0.6% higher.
Stocks in the artificial-intelligence technology business helped lead the way after strong profit reports bolstered hopes they can continue to deliver big-enough growth to justify the huge gains their prices have made.
Super Micro Computer, which sells servers and other equipment, jumped 17.8% after reporting earnings per share for the latest quarter that were 84% higher than analysts expected. It also gave forecasts for upcoming profit and revenue that topped analysts’ expectations.
CoreWeave, which offers AI computing power to customers over the cloud, leaped 18.3% after reporting better revenue for the latest quarter than analysts expected, along with a milder loss. CEO Michael Intrator said demand is accelerating from customers as big businesses adopt AI.
CoreWeave gives its customers access to AI chips from Nvidia, and Nvidia climbed 3%. It was the single strongest force lifting the S&P 500.
It’s a return to strength for AI stocks, which have been veering on a roller-coaster ride. After surging to records, AI stocks came under pressure on worries that they shot too high. Investors wanted to see big spenders on AI prove that their investments are yielding enough in profits and productivity to make them worth it. That in turn could lead to continued demand for chips and other AI infrastructure.
Wall Street also got some support from easing yields in the bond market. Treasury yields fell after a report showed that U.S. consumers paid prices for gasoline, groceries and other costs of living last month that were 3.4% higher than a year earlier.
That’s higher than anyone would like, but it’s not as bad as June's 3.5% inflation rate.
The deceleration could give the Federal Reserve more leeway to hold off on hikes to interest rates. Higher rates would help keep a lid on inflation, but it would do so by making it more expensive for U.S. households and companies to borrow and forcing a slowdown in the economy. Higher interest rates also would undercut prices for stocks and other investments.
The Fed’s members have been notably split about whether they should have already begun hiking interest rates. But Wednesday’s update on inflation pushed traders to pull back on bets the Fed will hike its main interest rate at its next meeting in September.
Traders are betting on just a 38% chance of it, down from the coin flip’s chance seen the day before, according to data from CME Group.
That helped pull the yield on the 10-year Treasury down to 4.67% from 4.70% late Tuesday. It, though, still remains well above its 3.97% level from before the war with Iran, which sent oil prices and worries about inflation spiking.
Oil prices swung between modest gains and losses Wednesday, and the price for a barrel of Brent crude slipped 0.5% to $88.50.
Higher yields have already pulled long-term mortgage rates to their highest levels in a year. That's hurting the housing industry, and losses for homebuilders on Wednesday helped keep the market in check. D.R. Horton fell 3%, and PulteGroup lost 2.1%. Builders FirstSource, which sells countertops and other building materials, dropped 3.4%.
In stock markets abroad, indexes were mixed across Europe and Asia.
South Korea’s Kospi jumped 3.7% for one of the world’s bigger gains. It’s been at the center of the jarring swings for AI stocks because it’s dominated by two tech giants, Samsung Electronics and SK Hynix.
AP Business Writers Michelle Chapman and Elaine Kurtenbach contributed to this report.
Trader Fred Demarco, right, and Specialist Michael Pistillo, left, work on the floor of the New York Stock Exchange, Friday, Aug. 7, 2026, in New York. (AP Photo/Yuki Iwamura)
A general view shows the New York Stock Exchange, Friday, Aug. 7, 2026, in New York. (AP Photo/Yuki Iwamura)
Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Aug. 12, 2026. (AP Photo/Ahn Young-joon)
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Aug. 12, 2026. (AP Photo/Ahn Young-joon)
Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Aug. 12, 2026. (AP Photo/Ahn Young-joon)
