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Closing Bell Movers: Levi Strauss up 6% on earnings, crypto stocks gain

Closing Bell Movers: Levi Strauss up 6% on earnings, crypto stocks gain

In the opening hour of the evening session, U.S. equity futures are slightly higher, with S&P 500 e-minis and Nasdaq 100 up 0.1% at 6,327 and 23,036 respectively. In energy WTI Crude Oil is off Thursday's lows, with the contract falling overnight amid oversupply concerns following a second straight weak of large crude inventories build and chatter of OPEC+ members looking to rein in output. In Metals, Gold was up slightly above $3,333 while Silver is breaking out again with a rise above $37.70 per ounce.
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Consumer Discretionary was the best performing sector in the S&P 500 on Thursday, bolstered by high-flying Gaming, Cruiselines, and Travel industries following blowout earnings and restored guidance from Delta Airlines (DAL). United Airlines (UAL) and Southwest (LUV) also rallied thanks to those results. Tesla (TSLA) was also notably higher with a 5% gain as CEO Musk announced plans to expand the company's autonomous robotaxi service and integrate Grok.
After-hours, Levi Strauss posted much stronger than expected earnings for the second consecutive quarter and raised its outlook. Crypto stocks were also firmer as the price of Bitcoin hit new highs above $116K.
Check out this evening's top movers from around Wall Street, compiled by The Fly.
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OPEC+ Just Flooded the Market--Now It Might Pull the Plug
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Analyst downgrades top S&P 500 stock after disappointing earnings
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The Secret Deals Driving Crypto Markets...and Leeching Into Wall Street
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Advocates for ideas and draws conclusions based on the interpretation of facts and data. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Crypto markets have always been volatile. For years, we've blamed speculation, low liquidity and hype cycles for the whiplash pricing of altcoins (crypto tokens outside of the leading digital assets Bitcoin, Ethereum and Solana). But there's an opaque force that exerts just as much influence: private market-making agreements. These deals often determine which tokens thrive and which collapse. And over the years, there have been far more failures than successes. Now, Wall Street firms are accelerating their exposure to crypto, investing in increasingly fringe assets and even adding them to corporate treasuries. Public companies Strategy (MSTR) and Metaplanet (3350.T) have amassed holdings of nearly $73 billion and $2 billion, respectively, and scores of other corporations have followed suit. 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