After two consecutive losing session, major indices roared back on Thursday, with strong results out of TSMC bolstering the capex investment theme in semiconductors – semi equipment names such as Applied Materials (AMAT) and KLA Corp (KLAC) were some of the strongest performers on the S&P 500. Sentiment in Financials also rebounded in the wake of broad post-earnings selling in shares of JPMorgan (JPM) and Citi (C) as Goldman Sachs (GS) and Blackrock (BK) rallies on strong Q4 numbers picked up the slack. Major Regionals like PNC Financial (PNC) and Regions (RF) are on tap to report results on Friday morning.
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In the opening hour of the evening session, S&P e-minis and Dow Industrials are sustaining the upward momentum with modest gains, up 0.1%, and Nasdaq 100 is up 0.2%. In precious metals, Gold and Silver are coiling just below the all-time highs seen earlier this week.
Check out this evening’s top movers from around Wall Street, compiled by The Fly.
HIGHER –
DOWN AFTER EARNINGS –
ALSO LOWER –
- QXO (QXO) down 4.2% after Q4 pre-announcement, $750M stock offering
- Dogwood Therapeutics (DWTX) down 2.1% after equity offering
- Journey Medical (DERM) down 2.0% after equity offering
- Woodward (WWD) down 1.5% after announcing winddown of China gas truck business
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