Closing Bell Movers: Palo Alto Networks down 8% on soft guidance

Investor sentiment remains uneasy with only modest gains seen across the major indices as markets reopened after an extended holiday weekend.  S&P 500 briefly made 2026 lows, slipping below 6,780 in the opening hours of Tuesday’s session, before a late-day recovery.  Basic Materials and Energy were the worst performing sectors, with WTI Crude Oil prices slipping below $62 per barrel on reported talks between U.S. and Iran, while Real Estate was the best space in the benchmark as last week’s soft inflation data continues to translate into expectations of more aggressive rate cuts this year.   The VIX volatility index – while still above 20 – also ended Monday well off its intraday high.

Claim 55% Off TipRanks

In the opening hour of the evening session, S&P e-minis, Nasdaq 100, and Dow Industrials are all down about 0.1%.  Precious Metals and Oil prices also remain under modest pressure.  Wednesday’s earnings calendar is highlighted by Booking Holdings (BKNG), Analog Devices (ADI), Doordash (DASH) and Carvana (CVNA).  

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

HIGHER AFTER EARNINGS –

• Rush Street Interactive (RSI) up 18.1%
• Quantum (QMCO) up 15.9%
• Pitney Bowes (PBI) up 9.4%
• AtriCure (ATRC) up 8.3%
• Celanese (CE) up 6.9%
• RB Global (RBA) up 5.7%
• Cadence Design (CDNS) up 4.8%
• Caesars Entertainment (CZR) up 3.2%
• Toll Brothers (TOL) up 0.5%

DOWN AFTER EARNINGS –

• Axcelis Technologies (ACLS) down 15.1%
• MKS  (MKSI) down 10.3%
• Palo Alto (PANW) down 8.0%
• La-Z-Boy (LZB) down 6.6%
• Glaukos (GKOS) down 0.6%

ALSO LOWER – 

• Applied Digital (APLD) down 8.8% as Nvidia exits position
• Sandisk (SNDK) down 2.6% after equity offering