Sharp gains in Energy and Basic Materials helped power S&P 500 to fresh record highs to start the week, despite the continued uncertainty in the Middle East over the weekend, whereby President Trump has flatly rejected the latest proposals from Iran. ExxonMobil (XOM) was up by nearly 4% as WTI crude oil remained supported by the Straight of Hormuz shipping passage uncertainty, briefly topping the $100 per barrel mark. Precious Metals group was also very strong, with Silver prices rising for the fifth straight session toward $88 per ounce and Gold topping $4,750 per ounce – Newmont Mining (NEM) topped $120 per share in regular trading and extended its gains above $121 afterhours – the highest level in about a month. Communication Services sector buckled as shares of Alphabet (GOOGL) fell 3%, though Semiconductors and Memory names remained strong – Nvidia (NVDA) tested record highs above $220 and Micron (MU) added 7% to its meteoric 2026 rise, with a stock now up nearly 180% for the year.
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New trading tool for ASTS bullsIn the evening hours, S&P, e-minis and NASDAQ 100 contracts are both up 0.1%. The earnings season has fizzled to a trickle though traders will still tune in to high-profile results out of Applied Materials (AMAT) and Cisco (CSCO) later in the week.
Check out this evening’s top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS –
- Quantum Computing (QUBT) up 14.7%
- Harmonic (HLIT) up 13.6%
- SI-BONE (SIBN) up 11.9%
- GoPro (GPRO) up 9.9%
- PACS Group (PACS) up 9.9%
- Super Group (SGHC) up 5.8%
DOWN AFTER EARNINGS –
- ZoomInfo (GTM) down 28.5%
- Hims & Hers (HIMS) down 12.2%
- Harrow (HROW) down 12.2%
- WEBTOON Entertainment (WBTN) down 12.1%
- AST SpaceMobile (ASTS) down 11.3%
- Bakkt (BKKT) down 10.8%
- CleanSpark (CLSK) down 10.5%
- Ramaco Resources (METC) down 7.7%
- LENZ Therapeutics (LENZ) down 5.0%
- Rigetti Computing (RGTI) down 1.3%
ALSO LOWER –
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- Quantum Computing reports Q1 EPS (2c), consensus (5c)
- QUBT Earnings: Quantum Computing Stock Surges 15% after Beating Q1 Estimates
- These Are the Stocks Reporting Earnings Today – May 11, 2026
- Options Volatility and Implied Earnings Moves Today, May 11, 2026
