Closing Bell Movers: KB Home falls on earnings miss, guidance cut

In the opening 90 minutes of the evening session, U.S. stock futures are down marginally with S&P500, Dow Composite, and Nasdaq 100 all slipping about 0.1%.  Earlier on Monday, investors cheered commentary from the White House that the reciprocal tariffs expected to be enacted on April 2nd may be smaller than initially feared.  Consumer Discretionary led the 11 S&P500 sectors, with Retail and Autoparts industries especially strong. 

Fixed income assets underperformed, with Treasury yields rising on risk re-allocation toward the beaten down sectors.  In commodities, WTI Crude Oil is trading above $69 for the first time in three weeks as Trump announced that U.S. will be putting extra tariffs on Venezuela – a major oil exporter.  Gold is down slightly however at $3,015 as investors re-allocate profits from the precious metals sector and U.S. dollar gaining.

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

HIGHER AFTER EARNINGS –

• Power Solutions International (PSIX) up 6.6%
• Intellinetics (INLX) up 6.3%

ALSO HIGHER –

• Trump Media & Technology Group (DJT) up 8.1% after entering partnership with Crypto.com to launch ETFs

DOWN AFTER EARNINGS –

• KB Home (KBH) down 7.8%
• Oklo (OKLO) down 5.5% 

ALSO LOWER –

• Prairie Operating Co. (PROP) down 17.2% after equity offering
• UniFirst (UNF) down 9.2% after terminated Cintas merger
• American Electric Power (AEP) down 1.6% after equity offering