Equity futures were broadly lower following a down New Year’s Eve session to close out an otherwise strong year for the market. The typical year-end rally didn’t materialize, but the S&P 500 still finished the year up about 17% as AI optimism, lower borrowing costs, and strong earnings fueled a rally despite the hurdles of trade policy, geopolitical tensions, and valuation concerns.
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Check out this evening’s top movers from around Wall Street, compiled by The Fly.
HIGHER –
Sable Offshore (SOC) up 10.9% after an appeals court denied an emergency motion for a stay filed by environmental groups led the Environmental Defense Center against the Department of Transportation and the Pipeline and Hazardous Materials Safety Administration with respect to Sable Offshore’s receipt of an emergency special permit from PHMSA approving the operation of segments 324 and 325 of the Santa Ynez Pipeline System
LOWER –
Intelligent Bio Solutions (INBS) down 6.5% after entering into a manufacturing partnership with Syrma Johari
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Read More on SOC:
- Sable Offshore extends rally, shares up 13% to $10.15
- Appeals court gives Sable Offshore important legal win, says Roth Capital
- Sable Offshore rallies 10% after environmental group denied stay
- Jefferies sees mismatched risk-reward in Sable Offshore pipeline uncertainty
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