After two days of heavy selling, U.S. equity futures are looking for a bounce heading into the final day of the week, with S&P 500 and Nasdaq 100 contracts both up 0.3% in the evening session. In commodities, WTI Crude Oil is off Thursday’s lows below $59 per barrel at $59.65, though Metals are little changed, with Gold still below $4,000 and Silver at $48 per ounce.
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Tech and Consumer Discretionary – cyclical areas of the market that have powered the S&P 500 this year – were once again the worst performing sectors on Thursday. For the former, valuation concerns against the relentless AI infrastructure buildout spending continued to punish the recent winners – Nvidia (NVDA) was down another 4% and has now fallen over 10% from the highs as the company prepares to release its earnings later this month. Sentiment around the latter remains weighed down by concerns around a slowing economy and outsized job losses – in the absence of government data, investors focused on the release by Challenger Gray showing the biggest job loss in the year through October since 2003.
Check out this evening’s top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS –
- JFrog (FROG) up 26.5%
- Globus Medical (GMED) up 23.2%
- Expedia (EXPE) up 14.8%
- Affirm Holdings (AFRM) up 11.6%
- Willdan Group (WLDN) up 10.8%
- Celanese (CE) up 9.0%
- Peloton Interactive (PTON) up 8.8%
- Eastman Kodak (KODK) up 7.7%
- OneStream (OS) up 6.9%
- Akamai (AKAM) up 6.3%
- Sandisk (SNDK) up 6.2%
- Airbnb (ABNB) up 5.0%
- Natera (NTRA) up 4.3%
- Monster Beverage (MNST) up 3.4%
- Trade Desk (TTD) up 2.0%
ALSO HIGHER –
- Intel Corporation (INTC) up 2.0% after Tesla CEO Musk says may do something together with company
- Tesla (TSLA) up 0.7% as shareholders approve Elon Musk’s pay plan of nearly $1T
DOWN AFTER EARNINGS –
- Universal Display (OLED) down 16.0%
- Opendoor Technologies (OPEN) down 15.2%
- Block (XYZ) down 11.2%
- Sweetgreen (SG) down 10.8%
- Archer Aviation (ACHR) down 9.9%
- Doximity (DOCS) down 9.3%
- DraftKings (DKNG) down 7.2%
- Sunrun (RUN) down 7.0%
- Take-Two (TTWO) down 6.7%
- Microchip (MCHP) down 3.6%
- Wynn Resorts (WYNN) down 1.0%
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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