Closing Bell Movers: Opendoor up 36% after management reshuffle

In the opening hour of the evening session, U.S. equity futures are up slightly, with S&P 500, Dow Industrials, and Nasdaq 100 all up 0.1% as stocks continue their rate cut expectation induced melt-up.    Nasdaq and S&P 500 hit fresh record highs today, with the latter seeing Tech and Energy as the best performing sectors while Consumer Staples and Discretionary were at the rear.  Benign PPI inflation data ahead of tomorrow’s CPI report also helped restore the bounce in Treasuries, with yields across the curve ticking lower.

In commodities, WTI Crude Oil built on gains above $63 per share share amid geopolitical turmoil in Europe and the Middle East.  Gold and Silver consolidated their gains in precious metals, trading above $3690 and $41.60 respectively.  The gold mining ETF (GDX) also hit record highs with a 2.5% gain above $68.50.

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

HIGHER AFTER EARNINGS – 

• Vince Holding Corp. (VNCE) up 96.4%
• Oxford Industries (OXM) up 16.6%
• Aviat Networks, Inc. (AVNW) up 5.1%

ALSO HIGHER –

• Opendoor (OPEN) up 36.4% after naming Kaz Nejatian as CEO
• Wearable Devices (WLDS) up 17.8% after securing U.S. patent for voice, gesture control technology

DOWN AFTER EARNINGS –

• Quantum Corporation (QMCO) down 16.2%
• Kewaunee Scientific (KEQU) down 12.2%
• Alliance Entertainment  (AENT) down 8.6%

ALSO LOWER –

• Avidity Biosciences (RNA) down 22.5% after equity offering
• Enovix (ENVX) down 12.8% after convertible debt offering
• Capricor Therapeutics (CAPR) down 3.6% after equity offering