Equity indices finished the first day of holiday-thinned trading week to the upside, as the seasonal “Santa Claus rally” brought its third straight day of gains. Cyclical sectors like Materials and Financials were at the forefront of the rally, while defensively-tilted Consumer Staples underperformed. The opening hour of the evening session is also shaping up constructively as S&P 500 e-minis build on gains above 6,930 and Nasdaq 100 futures extend their advance above 25,700.
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Across commodities, WTI Crude Oil has pulled back slightly after topping $58 per barrel on geopolitical concerns, while precious metals are seeing fresh record highs – Gold prices are within $5 of $4,500 and Silver within a dollar of $70 per ounce.
Check out this evening’s top movers from around Wall Street, compiled by The Fly.
HIGHER –
- ZIM Integrated Shipping Services (ZIM) up 13.8% after update on strategic review process
- Novo Nordisk A/S (NVO) up 8.3% after FDA approval of Wegovy in weight loss
- Parsons (PSN) up 5.2% after being awarded position on $151B Missile Defense Agency contract
- Huntington Ingalls Industries (HII) up 4.3% after Trump unveils new battleship class building plans
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Read More on ZIM:
- ZIM Board Advances Strategic Review, Rejects CEO-Led Takeover Bid
- ZIM Integrated provides update on strategic review process
- ZIM Integrated price target raised to $13.70 from $13.30 at Barclays
- ZIM Integrated upgraded to Hold from Sell at Fearnley
- ZIM Reaches Agreement with Shareholders Ahead of Annual Meeting