Closing Bell Movers: Dave & Buster’s slumps 16% on Q2 miss

In the wake of S&P 500 and Nasdaq Composite hitting fresh record highs on Monday, the opening hour of the evening session is seeing U.S. equity futures slightly lower, with S&P e-minis and Nasdaq 100 contracts down 0.1%.  In commodities, WTI Crude Oil futures are slightly higher after a second session of gains, though price action remains contained by $61.50-$64 range.   Precious metals rally continues meanwhile, with U.S. Dollar remaining under pressure and Treasury yields caving after Friday’s bounce ahead of Wednesday’s widely expected FOMC easing.

Communications Services was the best performing sector on the S&P 500, with the sector’s giant  – Alphabet (GOOGL) – up 4.5% on the day.    Tech also traded firmly with Hardware giants Seagate (STX) and Western Digital (WDC) up 8% and 5% respectively.   Meanwhile, with investor sentiment supported by prospects of lower borrowing costs, the more defensive areas of the market lagged – Health Care and Consumer Staples were the worst performing sectors in the index. 

Tuesday will see the release of U.S. retail sales data –  the final economic datapoint for Fed policymakers preparing to calibrate their message  – and while last month’s release reflected robust demand, August’s weakening labor market could spill over into consumer sentiment.

Check out this evening’s top movers from around Wall Street, compiled by The Fly.

HIGHER AFTER EARNINGS –

• High Tide (HITI) up 13.0%
• Steel Dynamics (STLD) up 1.1%

ALSO HIGHER –

• WEBTOON Entertainment (WBTN) up 58.3% after deepenoing Disney  (DIS) relationship to create new comics platform 
• Apartment Investment and Management Company (AIV) up 8.2% after announcing special dividend
• Chipotle Mexican Grill (CMG) up 2.0% after $500M buyback announcement

DOWN AFTER EARNINGS –

• Dave & Buster’s Entertainment (PLAY) down 14.8%
• Radiant Logistics (RLGT) down 1.2%

ALSO LOWER –

• Red Cat Holdings (RCAT) down 5.4% after convertible debt offering
• Oscar Health (OSCR) down 4.2% after convertible debt offering
• Neogen (NEOG) down 2.0% after CFO departure