Closing Bell Movers: Futures extend decline amid Middle East tension
In the opening hour of the evening session, the bearish turn seen in U.S. equity trading on Tuesday has carried through to a negative open in the futures market – S&P 500 e-minis and Dow Industrials are down 0.3% while Nasdaq 100 is off by 0.4%. In commodities, WTI Crude Oil is up another 0.6%, approaching $74 per barrel. In metals, Gold is little changed just above $3,400 per ounce, while Silver is consolidating its breakout to a fresh high above $37 per ounce.
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Increasingly bellicose posturing out of the White House is being attributed to Tuesday's sell-off, with President Trump posting on Truth Social demands of 'unconditional surrender' and warning Tehran that the U.S. 'patience is wearing thin'. Consumer Discretionary and Health Care sectors were the worst performers on the S&P 500, while Energy was the sole sector in the green thanks to a lift in oil prices. Residential solar names First Solar and Enphase were the sector's biggest losers as analysts warned that the Senate budget bill is negative for the industry. Jabil was the biggest gainer after the company reported a Q3 earnings beat and raised its guidance on top and bottom line.
Check out this evening's top movers from around Wall Street, compiled by The Fly.
HIGHER –
DOWN AFTER EARNINGS –
Vistagen Therapeutics (VTGN) down 4.2%
La-Z-Boy (LZB) down 0.4%
ALSO LOWER –
Bitdeer Technologies (BTDR) down 5.9% after convertible debt offering
Willamette Valley Vineyards (WVVI) down 2.1% after mixed shelf offering
Zoetis (ZTS) down 0.2% after Stifel downgrade
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