Closing Bell Movers: GitLab jumps 6% on Google partnership

Discussions of organizing U.S. and Iranian negotiator to iron out their disagreements, along with reports that European governments are taking a more active role in helping unclog the shipping route through the Strait of Hormuz, are boosting investor sentiment.  More benign than expected wholesale inflation data also worked in tandem to cooling geopolitical worries in continued repricing of Fed policy expectations toward greater likelihood of easing and supporting U.S. Treasuries.  Equities finished broadly higher, led by Consumer Cyclicals, Communications Services and Tech.  Meanwhile, Energy remained under pressure as Crude Oil prices continued to sink.

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In the opening hours of the evening session, WTI Crude Oil is falling further toward $88 per barrel, helped by a large build in API Petroleum inventories data leaving little concern of supply shock.  Equity futures are also slightly higher, with S&P e-minis now solidly above 7,000 and Nasdaq 100 breaching above 26,000 – with the latter also closing above the levels seen just before U.S.-Iran escalation.

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

HIGHER AFTER EARNINGS –

• Gloo Holdings (GLOO) up 19.3%
• Mama’s Creations (MAMA) up 3.9%

ALSO HIGHER –

• NN, Inc. (NNBR) up 12.1% after Q1 pre-announcement
• StoneCo Ltd. (STNE) up 7.8% after announcing special dividend
• GitLab (GTLB) up 5.8% after announcing expanded partnership with Google Cloud 
• NIKE (NKE) up 2.0% after insider buying activity 
• Smith-Midland (SMID) down 1.5% 

DOWN AFTER EARNINGS –

• Equity Bancshares (EQBK) down 2.2% 

ALSO LOWER –

• BRP (DOO) down 8% after suspending 2027 guidance due to changes in tariff environment
• TeraWulf  (WULF) down 6.4% after equity offering
• SolarEdge Technologies (SEDG) down 3.6% after being cut to Sell at Goldman Sachs 
•  Autoliv (ALV) down 1.6% after being cut to hold at Jefferies