Closing Bell Movers: Lululemon falls over 20% on soft guidance

In the opening hour of the evening session, U.S. equity futures are mixed – S&P 500 e-minis are flat at 5,948, Dow Industrials are up 0.1%, and Nasdaq 100 is down 0.1%.  In commodities, narrow trading ranges persist – WTI Crude Oil is down slightly but still above $63 per barrel, Gold continues to consolidate its Monday’s gains just above $3,380, while Silver remains bid, though off Thursday’s highs and back below $36 per ounce.  

Thursday started on a hopeful note for investors following reports of talks on trade and tariffs between President Trump and China President Xi.  Sentiment deteriorated however with an escalation of tension between Trump and Tesla CEO Musk, who had remained vocally critical of the administration’s fiscal plans as the Big Beautiful Bill works its way through Congress.  Tesla shares closed the day down over 14%, weighing on the Consumer Discretionary space – the worst performing sector in the S&P 500.  Investor focus turns to Friday’s non-farm payrolls and May employment data after alarming ADP report earlier this week as well as continued uplift in the weekly jobless claims also out this morning.

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

HIGHER AFTER EARNINGS –

• Guess (GES) up 0.2%

ALSO HIGHER –

• Rocket Lab (RKLB) up 6.1%, Tesla (TSLA) up 1.5% amid Musk-Trump rift
• Circle Internet Group (CRCL) up additional 3.3% after 168.5% gain in first day of trading

DOWN AFTER EARNINGS –

• Lululemon (LULU) down 22.4%
• DocuSign (DOCU) down 17.9%
• Samsara (IOT) down 12.6%
• ServiceTitan (TTAN) down 12.6%
• Petco Health and Wellness Company, Inc. (WOOF) down 8.3%
• Braze (BRZE) down 8.0%
• Broadcom (AVGO) down 3.8%
• Torrid Holdings (CURV) down 1.2%
• Rubrik (RBRK) down 1.0%