Closing Bell Movers: Oracle jumps 7% after Q4 earnings beat

In the opening hour of the evening session, U.S. equity futures are lower, with modest degree of caution emerging after the main indices broke a string of three consecutive winning sessions on Wednesday.  S&P 500, Nasdaq 100, and Dow Industrials are all down about 0.2%. 

Heightened geopolitical tensions may serve as a catalyst for some profit-taking despite the benign inflation data and more visibility on U.S.-China tariff deal framework, with Reuters reporting late in the day that U.S. may partially evacuate its Iraq embassy and families of military personnel in the Middle East.  Following the report, front-month WTI  Crude Oil futures extended their advance toward $69 per barrel – up 6% from yesterday’s close and the highest level since early April.  Elsewhere in commodities, Gold jumped over 1% toward $3,400 per ounce.

Earlier on Wednesday, Energy was again the best performing segment of the S&P 500 following the earlier rally in Oil prices while Consumer Discretionary and Materials sectors lagged.   Following tame CPI data, Treasury yields were also down notably, with the 10-year pulling back toward 4.40% as markets priced in a greater likelihood of a more accommodative FOMC stance by 2025-end.

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

HIGHER AFTER EARNINGS –

• Oracle (ORCL) up 7.2%

ALSO HIGHER –

• Applied Optoelectronics (AAOI) up 15.3% after announcing first volume shipment of data center transceivers
• Voyager Technologies (VOYG) up 7.9% on momentum following 82.2% IPO debut day
• Dana Incorporated (DAN) up 4.5% after announcing sale of Off-Highway business to Allison Transmission for $2.7B

DOWN AFTER EARNINGS –

• Oxford Industries (OXM) down 8.4%

ALSO LOWER –

• Simulations Plus (SLP) down 13.9% after Q3 pre-announcement, FY25 guidance cut
• GameStop Corp. (GME) down 12.5% after convertible debt offering
• Karooooo Ltd. (KARO) down 11.0% after equity offering
• Oklo (OKLO) down 4.3% after equity offering
• Cloudflare (NET) down 2.3% after convertible debt offering