Closing Bell Movers: Knight-Swift Transportation falls on earnings

Fear of a cross-Atlantic escalation subsided on Wednesday as President Trump backed off on his posture for a Greenland takeover and broad-based tariffs directed at large European economies with the announcement of a “framework of a future deal” being put into place.   Large-cap tech bounced from yesterday’s panic selling, though sectors leading the S&P 500 Energy and Materials.  All 11 sectors were up but the defensively geared space – Utilities and Consumer Staples saw more subdued gains.   In commodities, Oil is still supported above $60 per barrel even with API inventories printing another week of outsized build.  In metals, the geopolitical premium boosting Gold and Silver was repriced, with the two contracts slipping below $4,800 and $91 per ounce respectively.

In the opening hour of the evening session, stock futures suggest that Wednesday’s rebound could see some follow-through, even though PCE inflation datapoint still looms for Thursday morning – S&P e-minis are up 0.3% and Nasdaq 100 contract is up 0.4%.  

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

HIGHER AFTER EARNINGS –

• Interparfums (IPAR) up 6.0%
• NVE Corporation (NVEC) up 2.4%
• CACI (CACI) up 0.9%
• Kinder Morgan (KMI) up 0.7%

ALSO HIGHER –

• Venture Global (VG) up 11.3% after disclosing arbitration award from Repsol
• Karman Holdings (KRMN) up 7.5% after FY25 pre-announcement

DOWN AFTER EARNINGS –

• Knight-Swift Transportation (KNX) down 3.1%
• Pinnacle Financial Partners (PNFP) down 1.7%
• RLI Corp. (RLI) down 1.0%

ALSO LOWER –

• WhiteFiber (WYFI) down 7.2% after convertible debt offering
• Axogen (AXGN) down 6.7% after equity offering
• T1 Energy (TE) down 2.6% after equity offering