Closing Bell Movers: Foot Locker up nearly 70% on Dick’s buyout

In the opening 90 minutes of the evening session, U.S. equity futures are lower, with Dow Industrials off by 0.5%, S&P 500 down 0.3%, and Nasdaq 100 slipping by 0.2%.  In commodities, WTI Crude Oil is down another 1.8% after Wednesday saw the energy market break four consecutive gaining sessions while Gold is little changed after the precious metal broke below the $3,200 per ounce level for the first time since April 10th.

Investors are pondering whether the V-shaped recovery in equities on relief related to China trade wars has run too fast while looking ahead to Thursday’s release of Retail Sales, wholesale PPI inflation report, as well as scheduled commentary by Fed Chairman Powell.  On Wednesday, Tech, Consumer Discretionary, and Communications led the S&P 500 while Materials and Health Care underperformed.  Drug stocks remain under relative pressure as White House focus expands to  measures aimed at lowering drug prices, which is also weighing on the Healthcare-heavy Dow.

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

HIGHER AFTER EARNINGS –

• Innovative Solutions and Support (ISSC) up 40.1%
• Boot Barn (BOOT) up 16.3%
• DLocal Limited (DLO) up 14.8%
• Ibotta (IBTA) up 6.3%
• Cisco (CSCO) up 2.4%

ALSO HIGHER –

• Foot Locker (FL) up 68.8% after WSJ report of Dick’s (DKS, down 5.8%) nearing a $2.3B buyout for company

DOWN AFTER EARNINGS –

• New Fortress Energy Inc. (NFE) down 31.0%
• DXC Technology  (DXC) down 13.4%
• CoreWeave (CRWV) down 5.5%
• Jack in the Box (JACK) down 4.8%

ALSO LOWER –

• Biohaven Ltd. (BHVN) down 9.0% after FDA extends PDUFA for Troriluzole new drug application
• UnitedHealth Group (UNH) down 6.5% after WSJ report of criminal investigation by DOJ for Medicare fraud