In the opening hour of the evening session, U.S. equity futures are little changed, with Dow Industrials just above 43,300, S&P 500 just shy of 6,150, and Nasdaq 100 shy of 22,480. In Energy, WTI Crude Oil is marginally higher above $65 per barrel after plunging to $64 earlier this week while gold futures are up slightly at $3,345. The precious metal has found support around its 50-day Moving Average for the third time since its sharp sell0ff in early April.
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On Wednesday, Tech was the best performing sector in the S&P 500 while Real Estate was the biggest decliner in spite of the sustained pressure on Treasury yields. Nvidia was the best name among the MAG7, and SMCI was by far the best stock on the index. The 10-year had bounced to 4.34% but ended the session at the lows below 4.30%. Large financials also had solid gains as banking regulators floated a loosening in enhanced supplementary leverage ratio rules for GSIBs, or global systemically important bank holding companies.
Check out this evening’s top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS –
- Worthington Steel (WS) up 15.0%
- MillerKnoll (MLKN) up 10.7%
- H.B. Fuller (FUL) up 7.7%
- Micron (MU) up 0.6%
LOWER –
- Kratos Defense (KTOS) down 6.5% after equity offering
- Bit Digital (BTBT) down 6.4%
- Kymera Therapeutics (KYMR) down 3.8%
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