Morning Movers: Advance Auto races higher after first quarter earnings beat

Stock futures are lower following a significant selloff in the previous session driven by rising bond yields and concerns over increasing government debt. A weak 20-year Treasury bond auction led to a surge in yields, with the 30-year Treasury yield surpassing 5%. This spike in yields reflects investor apprehension about the fiscal implications of President Trump’s proposed tax-cut bill, which it has been estimated could add $3.8T to the U.S. debt over the next decade.

In the cryptocurrency market, Bitcoin reached a historic milestone, surpassing $110,000 for the first time. This surge is attributed to increasing federal and institutional acceptance, boosting related cryptocurrency stocks.

In pre-market trading, S&P 500 futures fell 0.16%, Nasdaq futures fell 0.01% and Dow futures fell 0.31%.

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

UP AFTER EARNINGS –

• Advance Auto Parts (AAP) up 33%
• Titan Machinery (TITN) up 9%
• Analog Devices (ADI) up 3%
• BJ’s Wholesale (BJ) up 3%
• Ralph Lauren (RL) up 2%
• Replimune (REPL) up 2%
• TD Bank (TD) up 1%
• Snowflake (SNOW) up 9%

DOWN AFTER EARNINGS –

• Dorian LPG (LPG) down 6%
• Kanzhun (BZ) down 5%
• EnerSys (ENS) down 3%
• CSW Industrials (CSWI) down 1%
• Zoom Communications (ZM) down 1%