Closing Bell Movers: Penguin Solutions down 13% after results

Though major indices fell for the first time after seven consecutive winning sessions, in the opening hour of the evening session, U.S. equity futures are up again, with Dow Industrials and S&P 500 up 0.1% and Nasdaq 100 contract up 0.2%.  In commodities, WTI Crude Oil is up slightly above $62 per barrel even though API inventory data showed a sizable build in crude stocks after three weeks of large draws.  Meanwhile, precious metals are supported by safe-haven demand – most active Gold contract for December topped $4000 per ounce, a record high, though Silver retreated from its own apex below $48.  

Cyclically-inclined sectors were under pressure on Tuesday, with Consumer Discretionary, Communications Services, and Tech all underperforming.  Semiconductor equipment space was especially weak, with Lam Research (LRCX), Applied Materials (AMAT), and Teradyne (TER) all down by more than 5%.  In turn, the defensive areas of the market performed better – Consumer Staples reversed yesterday’s weakness and Utilities also ended the day in the green.  

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

DOWN AFTER EARNINGS –

• Penguin Solutions (PENG) down 12.6%

ALSO LOWER –

• Esperion Therapeutics (ESPR) down 18.5% after equity offering 
• Joby Aviation (JOBY) down 9.5% after equity offering
• IREN Limited (IREN) down 4.7% after equity offering
• Fair Isaac (FICO) down 3.7% after Equifax halves mortgage score price
• Bullish (BLSH) down 0.6% after monthly metrics