Closing Bell Movers: Snowflake jumps 7% on earnings
In the opening hour of the evening session, U.S. equity futures are down modestly, extending Wednesday's broader declines. S&P 500 is down 0.1% at 5,855, Nasdaq 100 is off by 0.1% at 21,139, and Dow Industrials are slipping 0.2% below 41,900 level. In commodities, WTI Crude Oil is down 0.4% at $61.31 as rumors of escalation in the Middle East are replaced by worries over global growth, while Gold is up another 0.2% at $3,321 per ounce.
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Fiscal debt and deficit worries amid Congressional budget deliberations took center stage in U.S. hours today, punctuated by weak demand in the 20-year U.S. Treasury auction mid-day. The yield on the 10-year rose to three-month highs of 4.6% and that of the 30-year eclipsed the 5% threshold. Stocks were likewise spooked by the Treasury selloff as higher rates contributed to Real Estate being the worst performing sector on the S&P 500, followed by Health Care and Financials. Communication Services sector outperformed however thanks to strength in shares of Alphabet.
Check out this evening's top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS –
Urban Outfitters (URBN) up 14.3%
LiveRamp Holdings (RAMP) up 7.3%
Snowflake (SNOW) up 6.9%
American Superconductor (AMSC) up 4.2%
Domo (DOMO) up 3.5%
Zoom Communications (ZM) up 0.3%
ALSO HIGHER –
Lumen Technologies (LUMN) up 11.0% after selling its Mass Markets fiber business to AT&T for $5.75B
Pitney Bowes (PBI) up 9.9% after naming new CEO, announcing strategic actions
DOWN AFTER EARNINGS –
EnerSys (ENS) down 2.9%
ALSO LOWER –
Eastman Kodak (KODK) down 4.1% after equity offering
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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Read More on URBN:
Disclaimer & DisclosureReport an Issue
Urban Outfitters reports Q1 EPS $1.16, consensus 83c
Urban Outfitters options imply 8.6% move in share price post-earnings
Gap price target raised to $29 from $26 at Jefferies
Urban Outfitters price target raised to $46 from $42 at Jefferies
Urban Outfitters price target raised to $73 from $59 at Barclays
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AI Can Save You Money on Groceries Recreate your take-out favorites at home Co-author of Buy What You Love Without Going Broke, Jen Smith, recommends trying to cut food costs to save more. Especially on drinks and food you'd usually enjoy at a restaurant. In some cases, dining out can cost just as much as grocery shopping and cooking -- especially if you live alone. She pointed out that when you're trying to cut costs, you shouldn't deprive yourself of treats or meals you really love. However, it may be more cost-effective to try to make those treats at home instead of eating out. For example, Smith tried a salted caramel latte at a coffee shop and liked it, but she decided to make it at home to have more for less money. "I made that syrup myself, but I'm also buying pre-made cold brew that I really like, and I can get weeks out of this, like $5 or $6 bottles of cold brew, versus just spending $6 on one cold brew one time," said Smith. "It's about finding what you value most and what you love, what feels like a treat, and getting creative with how you get it." Put the extra savings in a high-yield savings account Putting away money you earn from grocery savings may not feel like a lot, but every cent you add can help you avoid debt and other financial troubles -- especially if you're already pulling from savings to make ends meet. If you can save $10 per week on your grocery bill, that's $40 in savings per month. If you transfer those savings to a high-yield savings account that's earning around 4% APY, you can earn interest on that money. This can be an extra cushion for other bills or help you put money toward an emergency fund for surprise expenses.
