The S&P 500 rallied for the third consecutive day on Tuesday, now fully erasing Thursday’s outsized decline, though in the opening hour of the evening session, U.S. equity futures are little changed – S&P e-minis remain capped by 6,800, while the Nasdaq 100 contract is unable to build momentum beyond its breach of the 25,000 level. Trading in the tech-heavy index was mixed today, with Nvidia (NVDA) – the AI arms-race behemoth – having fallen as much as 7% intraday before finishing the day down 2.6%. Health Care was the top performing sector in the index, with the Health Care Select Sector SPDR Fund (XLV) finding fresh 2025 highs.
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Energy, meanwhile, was the worst performing sector on the S&P 500. The news of progress toward an acceptance of U.S.-brokered peace plan by Ukrainian government sparked a selloff in Crude Oil prices toward $57 per barrel. Traders are repricing the possibility of oversupply against the backdrop of a weakening global economy as pent-up Russian supply would essentially flood the markets. Afterhours, API Petroleum data saw a modest decline in crude stocks but a build in gasoline inventories.
Check out this evening’s top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS –
- Urban Outfitters (URBN) up 17.3%
- Petco Health and Wellness (WOOF) up 9.1%
- Autodesk (ADSK) up 6.0%
- NetApp (NTAP) up 4.5%
- Dell (DELL) up 3.0%
DOWN AFTER EARNINGS –
- Nutanix (NTNX) down 16.3%
- Zscaler (ZS) down 8.4%
- Ambarella (AMBA) down 7.7%
- Workday (WDAY) down 6.4%
- PagerDuty (PD) down 5.8%
- HP Inc. (HPQ) down 5.4%
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