Closing Bell Movers: Gitlab down 13%, Dave & Busters up 10% post earnings

In the opening hour of the evening session, U.S. equity futures are trading little changed in spite of the headlines citing China Trade Negotiator Li and U.S. Commerce Secretary Lutnick that the two sides have reached a framework for implementation of the Geneva trade pact.  June S&P’s are at 6,045, Nasdaq 100 futures are at 21,967, and Dow Industrials are just above 42,900.  In commodities, WTI Crude Oil is consolidating recent gains with a retreat below $65 per barrel despite the third consecutive week of inventory draw in crude stocks as reported by API, while Gold and Silver are little changed around $3,340 and $36.70 per ounce.

On Tuesday, S&P 500 made fresh gains above the 6,000 level, with the Energy sector leading the charge thanks to the breakout in Crude prices while Utilities underperformed.  Intel, Caesars Entertainment, and Tesla were the best performing names on the index.  

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

HIGHER AFTER EARNINGS – 

• Dave & Buster’s (PLAY) up 11.6%
• Stitch Fix (SFIX) up 7.7%

ALSO HIGHER –

• Shutterstock (SSTK) up 6.9% as stockholders approve merger agreement with Getty Images
• Vitesse Energy (VTS) up 3.3% after insider buy
• Evolus (EOLS) up 1.8% after insider buy

DOWN AFTER EARNINGS –

• GitLab (GTLB) down 12.9%
• MIND Technology (MIND) down 8.2%
• GameStop (GME) down 5.5%

ALSO LOWER –

• American Superconductor (AMSC) down 12.0% after equity offering
• Nucor (NUE) down 5.4%, Cleveland-Cliffs (CLF) down 6.7% as Bloomberg reports that U.S. and Mexico are near deal to remove 50% steel tariff