Closing Bell Movers: Victory Capital gains on S&P 400 inclusion

In the opening 90 minutes of the evening session, U.S. equity futures are down slightly with a 0.2% decline in S&P 500, Nasdaq 100, and Dow Industrials.  In Energy, WTI Crude remains below $67 per barrel following a very large build crude stocks reported by API, while Metals  are little changed after second consecutive session of losses in Gold and Silver.  

Financials, Materials, and Health Care led the S&P 500 to the downside, while Tech – particularly large/mega-cap – remained resilient.  Nvidia (NVDA) made new all-time highs with a 4% gaining session and 5 out of 7 Mag-7 names ended the day higher despite the selloff in the broader index.  Reporting financials, especially Blackrock (BLK) and Wells Fargo (WFC) were softer after their Q2 numbers.   Sentiment was also weighed down by the uptick in June CPI data, with expectations of the start of Fed easing by September no longer looking like a slam dunk, according to Fed Funds futures markets.  

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

HIGHER –

• Repare Therapeutics (RPTX) up 22.4% after entering licensing pact with Debiopharm for Lunresertib
• Brighthouse Financial (BHF) up 9.7% after WSJ report of acquisition by Aquarian talks
• Victory Capital Holdings, Inc. (VCTR) up 6.0% after entering S&P MidCap 400
• Global Payments (GPN) up 5.7% after FT report of large stake built by Elliott Co.
• GDS Holdings (GDS) up 1.3% after being upgraded at JPMorgan

DOWN AFTER EARNINGS –

• Kestra Medical Technologies (KMTS) down 6.1%
• Hancock Whitney (HWC) down 3.3%
• Park Aerospace (PKE) down 3.2%
• J.B. Hunt Transport Services (JBHT) down 1.5%