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Closing Bell Movers: Lululemon falls 10% on soft guidance

Closing Bell Movers: Lululemon falls 10% on soft guidance

In the opening hour of the evening session, U.S. stock futures are flat ahead of the looming PCE – Personal Consumption Expenditures – inflation print on Friday morning.  Investor caution arising from auto tariff announcement yesterday translated into a second day of losses on Thursday as Energy, Communication and Tech sectors led the decline, though Consumer Staples and Healthcare finished higher.   June remains the odds-on month for the next Fed rate cut, though cooling inflation may help lift the fog of uncertainty for policymakers.

In commodities, WTI crude oil briefly tested the upside of $70 per barrel for the first time in three weeks but remains below that level.  Gold, meanwhile, continues to advance with fresh record high around $3,070.

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

HIGHER AFTER EARNINGS –

  • Argan (AGX) up 12.0%
  • Braze (BRZE) up 9.5%
  • Harrow (HROW) up 7.6%
  • zSpace (ZSPC) up 4.8%
  • Pulse Biosciences (PLSE) up 1.9% 

DOWN AFTER EARNINGS –

  • Lululemon Athletica (LULU) down 10.0%
  • Oxford Industries (OXM) down 9.2%
  • HireQuest (HQI) down 9.2%
  • Blaize Holdings (BZAI) down 4.0%

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