Latest news with #DowIndustrials
Business Insider
3 days ago
- Business
- Business Insider
Closing Bell Movers: Gap down 15%, Elastic off by 11% on earnings
In the opening hour of the evening session, U.S. equity futures are down slightly, with S&P 500 e-minis down 0.2% at 5,911, Nasdaq 100 down 0.3% at 21,353, and Dow Industrials off by 0.1% at 42,221. In commodities, WTI Crude Oil is down marginally below $61 per barrel, remaining in a tight $3 range for the past two weeks. In precious metals, Gold is off by 0.2% below $3,340 per ounce following Thursday's bullish action but also locked in a sideways trading pattern. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Stocks were able to preserve overnight gains on Thursday spurred by the ruling of the U.S. Court of International Trade invalidating Trump's tariff agenda, though today's ruling by an Appellate court has suppressed that decision. Real Estate, Health Care, and Utilities were the best performing sectors on the S&P as Treasury yields fell steeply. Communication services underperformed however, with weakness in Netflix, Gaming companies, and Cable names. In earnings, Computer Hardware space saw mixed performance with a slight post-earnings rally by Dell but a sizable post-earnings decline in NetApp shares. Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGS – Red Robin Gourmet Burgers (RRGB) up 54.6% UiPath (PATH) up 9.4% Ulta Beauty (ULTA) up 8.3% Zscaler (ZS) up 3.5% Dell Technologies (DELL) up 1.7% DOWN AFTER EARNINGS – American Eagle Outfitters (AEO) down 7.5% NetApp (NTAP) down 5.5% PagerDuty (PD) down 3.7% Marvell (MRVL) down 2.7% Costco (COST) down 0.4% ALSO LOWER –
Business Insider
4 days ago
- Business
- Business Insider
Closing Bell Movers: Nvidia gains 4% on earnings, lifting other semis
In the opening hour of the evening session, U. S. equity futures are gaining following a Q1 earnings and revenue beat, and while the company guided Q2 cautiously, investors are also latching on to commentary that the Blackwell AI supercomputer is now in full-scale production along with the indication that the global demand for AI infrastructure remains 'incredibly strong'. S&P 500 is up 0.6% above 5,940, Nasdaq 100 is up nearly 1% above 21,570, and Dow Industrials is up 0.3%. Nvidia shares are gaining over 4% to highest levels since late February while also lifting other semiconductor names. Confident Investing Starts Here: Sentiment had turned more cautious today heading into the close, though it was the defensively-oriented Utilities that led S&P 500 to the downside, with a 'patient' tone gleaned out of the Fed minutes lifting U.S. treasury yields and dampening demand for the higher-dividend sectors. In commodities, Gold futures were a touch firmer above $3,300 per ounce. In energy, WTI Crude Oil is tracking risk-on flows with a second consecutive higher open as traders also take notice of a large draw in API Petroleum inventory data signifying solid demand. Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGS – ALSO HIGHER – ORIC Pharmaceuticals (ORIC) up 21.1% after preliminary efficacy, safety data from ORIC-944 DOWN AFTER EARNINGS – HP Inc (HPQ) down 12.3% SentinelOne (S) down 12.3% Pure Storage (PSTG) down 3.4% ALSO LOWER – Intellia Therapeutics (NTLA) down 19.5% after update on Phase 3 study of nex-z for ATTR-CM
Straits Times
5 days ago
- Business
- Straits Times
Wall St rally boosts Singapore shares as they buck regional trend; STI up 0.4%
The modest rally in New York helped spur the benchmark Straits Times Index up 0.4 per cent or 15.83 points to 3,911.92 on May 28. ST PHOTO: BRIAN TEO SINGAPORE – Local shares ignored the downbeat mood across the region and took their lead from a resurgent Wall Street overnight. The modest rally in New York helped spur the benchmark Straits Times Index (STI) up 0.4 per cent or 15.83 points to 3,911.92 on May 28 although gainers only just edged out losers 233 to 224 on trade of 1.2 billion securities worth $1.2 billion. Wall Street was the catalyst. Markets there rose in reaction to the news that the Trump administration has pulled back on implementing tariffs on Europe. The tech-heavy Nasdaq led the way with a 2.5 per cent gain, partly in anticipation of a bumper earnings report from Nvidia in coming days. The Dow Industrials added 1.8 per cent and S&P 500 advanced 2.1 per cent, both breaking four-session losing streaks. While the STI happily took the hint, regional bourses were unimpressed, with shares ending mostly in the red. Australia's ASX 200 fell 0.1 per cent after earlier hitting a three-month high, Hong Kong's Hang Index slid 0.5 per cent and Japan's Nikkei 225 ended flat. Mr Peter Bates, the portfolio manager for global select equity strategy at investment management company T. Rowe Price Group, said the persistent US fiscal deficit – which exceeds 6 per cent of the country's gross domestic product – could affect US equities. 'If this raises doubts about the US's creditworthiness, it could push 10-year yields above 5 per cent, pressuring equity valuations,' he added. Nevertheless, Mr Bates remained bullish on the prospects for US stocks, as he believes the market there is more likely to attract long-term opportunities. Meanwhile, the STI's top gainer was Thai Beverage, up 2.2 per cent to 47 cents. The drinks distributor was also the most actively traded by volume, with 48 million units worth $22.5 million don e. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Insider
5 days ago
- Business
- Business Insider
Closing Bell Movers: Okta slips 12% despite earnings beat
In the opening hour of the evening session, U.S. equity futures are little changed, with S&P 500 at 5,937, Nasdaq 100 at 21,462, and Dow Industrials up a marginal 0.1% at 42,442. In energy, WTI Crude is up slightly above $61 per barrel while Gold is off Tuesday's lows at $3,300. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Stocks staged a broad based rally upon returning from Memorial Day holiday, erasing nearly all of last week's correction, as President Trump again backed away from threatening Europe with a trade war starting next month. Treasury yields also retreated as inflation fears abated, while investors further cheered a much better Consumer Confidence readout from the Conference Board, boosting shares of Cyclicals. Airlines and Cruise stocks were especially strong performers within the S&P. In this evening's earnings, cybersecurity name Okta traded down by over 10% despite a beat on Q1 earnings and a lift in guidance as the management signaled 'potential risks related to the uncertain economic environment for the remainder of FY26.' Tomorrow, afterhours results out of Nvidia mark the book-end to the Mag-7 earnings season, while Software investors will also watch the quarterly update from Salesforce. Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGS – Vail Resorts (MTN) up 10.4% Box (BOX) up 10.4% ALSO HIGHER – Brooge Energy (BROG) up 83.4% after $884M asset sale to Gulf Navigation Holding Joby (JOBY) up 3.9% as Toyota closes $250M investment DOWN AFTER EARNINGS – Okta (OKTA) down 12.1% Semtech Corporation (SMTC) down 2.1% ALSO LOWER –
Business Insider
22-05-2025
- Business
- Business Insider
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. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter 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 –
