Closing Bell Movers: Rubrik up 14% on earnings beat; Oklo down on $1.5B offering

In the opening hour of the evening session, U.S. equity futures are little changed, with S&P 500 e-minis at 6.865 and Nasdaq 100 just above 25,620.  Commodities, meanwhile, are down slightly – WTI Crude Oil is backing away from two-week highs above $60 per barrel after Energy prices rallied on Thursday, with the Russia-Ukraine stalemate becoming ever-more apparent.  Gold retreated below $4,240 and Silver has pulled back over the past two days from record highs near $60.

Energy and Industrials were some of the best performing sectors on the S&P 500 on Thursday, while Health Care and Consumer Staples lagged.   Better than expected weekly claims drove traders away from the safety of Treasuries as the yield on the benchmark 10-year rose toward 4.1% and the Vix fear gauge retreated to one-month low below 16 level.  Tech traded mixed, with relative outperformance in the Software space, while Communication Services was paced by the outsized gains by Meta Platform (META), which rallied over 3% on reports that the company is seeking to control its runaway investment by cutting up to 30% of spending dedicated to the metaverse.

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

HIGHER AFTER EARNINGS –

• Rubrik (RBRK) up 16.4%
• The Cooper Companies (COO) up 13.5% 
• Zumiez (ZUMZ) up 13.4%
• Ulta Beauty (ULTA) up 6.0%
• ServiceTitan (TTAN) up 6.0%
• IDT (IDT) up 4.7%
• Samsara (IOT) up 1.6%

ALSO HIGHER –

• Praxis Precision Medicines (PRAX) up 23.2% after results from EMBOLD relutrigine study 

DOWN AFTER EARNINGS –

• Domo (DOMO) down 14.1%
• HP Enterprise (HPE) down 9.6%
• SentinelOne (S) down 8.8%
• DocuSign (DOCU) down 5.8%

ALSO LOWER –

• Oklo Inc. (OKLO) down 7.0% after $1.5B equity shelf
• SoFi Technologies (SOFI) down 6.2% after equity offering