Closing Bell Movers: NXP Semi slips 7% after earnings

In the opening 30 minutes of the evening session, U.S. equity futures are down marginally – S&P 500 is off by 0.2%, Dow Industrials is down 0.2%, and Nasdaq 100 is off by 0.3%.   In energy, WTI crude is little changed after Monday’s retreat below $62 per barrel.  In metals, Gold is keeping its gains just shy of $3,350 per ounce while Copper is up about 1% at $4.90, approaching last week’s high.  

Monday’s session saw markets oscillate though ultimately bullish sentiment prevailed and all three major indices closed well off their mid-day lows.  Utilities was the best performer on the S&P 500 however as investors rotated into lower beta sectors, closely followed by Real Estate, where traders cheered lower interest rates across the yield curve.   Tech was the worst performer, led by 2% losses for Nvidia as traders reacted to news that China’s Huawei  is preparing to test its newest and most powerful AI processor.

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

HIGHER AFTER EARNINGS –

• Leggett & Platt (LEG) up 18.3%
• Noble Corporation plc (NE) up 9.5%
• Crown Holdings (CCK) up 6.9%
• Woodward (WWD) up 3.2%
• Teradyne (TER) up 3.1%
• Amkor Technology (AMKR) up 3.0%
• F5 (FFIV) up 0.5%

ALSO HIGHER –

• Okta (OKTA) up 4.5% after entering S&P MidCap 400 index 

DOWN AFTER EARNINGS –

• NXP Semiconductors N.V. (NXPI) down 7.4%
• Sanmina (SANM) down 7.1%
• Harmonic (HLIT) down 4.4%
• Kforce Inc. (KFRC) down 3.4%
• Universal Health (UHS) down 2.3%
• Cadence Design (CDNS) down 0.9%