Closing Bell Movers: Snowflake slips 8%, Salesforce up 2% on earnings

U.S. equity futures are little changed in the opening hour of the evening session, with the caution from Wednesday’s session carried overnight.  In commodities, WTI Crude Oil continues to coil within a $58-$60 per barrel band, while commodities are also in tight ranges as soft U.S. economic data failed to make a dent on the dollar.

Energy and Financials were the best performing sectors in the S&P 500 on Wednesday, while Tech was the worst area of the market.  Microsoft (MSFT) came under relatively heavier selling pressure earlier in the day after reports that its sales agents are having a difficult time meeting AI product sales goals, compounding more bad news on the macro front as privately-compiled ADP employment report showed an unexpected job loss in November.   Treasuries rallied on the news, and with the next FOMC decision one week away, CME Fed Watch sees the odds of an insurance rate cut reaching 89%.

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

HIGHER AFTER EARNINGS –

• Tilly’s, Inc. (TLYS) up 13.3%
• UiPath Inc. (PATH) up 6.2%
• nCino, Inc. (NCNO) up 6.2%
• Guidewire (GWRE) up 4.5%
• Five Below (FIVE) up 2.2%
• Salesforce (CRM) up 2.0%

ALSO HIGHER –

DOWN AFTER EARNINGS –

• Torrid Holdings Inc. (CURV) down 10.7%
• Snowflake (SNOW) down 8.2%
• C3.ai, Inc. (AI) down 2.2%
• PVH Corp. (PVH) down 2.1%

ALSO LOWER –

• Symbotic (SYM) down 12.4% after equity offering