Closing Bell Movers: Palantir hits record highs on beat and raise
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Tech and Communications Services – dominated by Google and Meta – led the S&P 500 index on Monday, followed closely by high-yielding Utilities benefiting from lower interest rates. The yield on the 10-year Treasury edged further down to 4.2% – the cusp of a three-month low. Fed funds futures markets also continued to price in the near-certain FOMC easing starting with September decision, with probabilities now rising to 94%.
Afterhours, Palantir was the highlight, rising to record highs on a strong earnings beat and guidance raise. Vertex Pharma and Hims and Hers were down double-digits however, with earnings falling shy of consensus.
Check out this evening's top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS –
ALSO HIGHER –
Arteris (AIP) up 55.1% after entering partnership with AMD (AMD)
DOWN AFTER EARNINGS –
Inspire Medical Systems (INSP) down 21.1%
Vertex Pharmaceuticals (VRTX) down 14.5%
Hims & Hers Health (HIMS) down 13.7%
Kyndryl Holdings (KD) down 13.6%
CRISPR Therapeutics (CRSP) down 6.0%
MercadoLibre (MELI) down 5.2%
Air Lease (AL) down 4.9%
Diamondback Energy (FANG) down 3.7%
Trex Company (TREX) down 2.8%
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