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Closing Bell Movers: Levi Strauss up 6% on earnings, crypto stocks gain

In the opening hour of the evening session, U.S. equity futures are slightly higher, with S&P 500 e-minis and Nasdaq 100 up 0.1% at 6,327 and 23,036 respectively.  In energy WTI Crude Oil is off Thursday’s lows, with the contract falling overnight amid oversupply concerns following a second straight weak of large crude inventories build and chatter of OPEC+ members looking to rein in output.  In Metals, Gold was up slightly above $3,333 while Silver is breaking out again with a rise above $37.70 per ounce.  

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Consumer Discretionary was the best performing sector in the S&P 500 on Thursday, bolstered by high-flying Gaming, Cruiselines, and Travel industries following blowout earnings and restored guidance from Delta Airlines (DAL).  United Airlines (UAL) and Southwest (LUV) also rallied thanks to those results.  Tesla (TSLA) was also notably higher with a 5% gain as CEO Musk announced plans to expand the company’s autonomous robotaxi service and integrate Grok. 

After-hours, Levi Strauss posted much stronger than expected earnings for the second consecutive quarter and raised its outlook.  Crypto stocks were also firmer as the price of Bitcoin hit new highs above $116K.

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

HIGHER AFTER EARNINGS –

  • PriceSmart (PSMT) up 7.1%
  • Levi Strauss (LEVI) up 6.2%
  • WD-40 Company (WDFC) up 0.1%

ALSO HIGHER –

  • Coinbase (COIN) up 1.4%, Riot Platforms (RIOT) up 1.8%, MARA Holdings (MARA) up 2.3%, TeraWulf (WULF) up 2.0%, Bitdeer Technologies (BTDR) up 3.5% as Bitcoin tops $115K

LOWER –

  • Alpha Teknova (TKNO) down 2.2% after equity offering

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

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