Closing Bell Movers: FedEx jumps 9% on earnings beat

U.S. equity markets pared their losses late in the day on Thursday following comments from Israeli PM Netanyahu that the war “will end much faster than people think” with  ground operation is being considered, along with his expressed willingness to help the U.S. reopen the Strait of Hormuz.  S&P 500 bounced from its early session lows below 6,560 to close the day north of the 6,600 level, and the rebound is holding into the evening session.  In the opening hour of the evening trade,  S&P 500 e-minis and the Nasdaq 100 contracts are up 0.3%.  In commodities, WTI Crude Oil is down notably on the developments, sliding 2% below $94 per barrel, while precious metals bounce from Thursday’s steep declines.

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

HIGHER AFTER EARNINGS –

• Torrid Holdings (CURV) up 21.6%
• Intellicheck (IDN) up 16.3%
• Scholastic (SCHL) up 9.9%
• FedEx (FDX) up 9.2%, United Parcel Service (UPS) up 1.6% in sympathy
• York Space Systems (YSS) up 8.6%
• Firefly Aerospace (FLY) up 7.2%
• United States Antimony (UAMY) up 3.7%

LOWER – 

• Super Micro Computer (SMCI) down 8.8% on export control violation reports as board member charged with smuggling Nvidia (NVDA) chips to China
• Flowco Holdings (FLOC) down 8.0% after equity offering