Closing Bell Movers: Snowflake jumps 7% on earnings
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Fiscal debt and deficit worries amid Congressional budget deliberations took center stage in U.S. hours today, punctuated by weak demand in the 20-year U.S. Treasury auction mid-day. The yield on the 10-year rose to three-month highs of 4.6% and that of the 30-year eclipsed the 5% threshold. Stocks were likewise spooked by the Treasury selloff as higher rates contributed to Real Estate being the worst performing sector on the S&P 500, followed by Health Care and Financials. Communication Services sector outperformed however thanks to strength in shares of Alphabet.
Check out this evening's top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS –
Urban Outfitters (URBN) up 14.3%
LiveRamp Holdings (RAMP) up 7.3%
Snowflake (SNOW) up 6.9%
American Superconductor (AMSC) up 4.2%
Domo (DOMO) up 3.5%
Zoom Communications (ZM) up 0.3%
ALSO HIGHER –
Lumen Technologies (LUMN) up 11.0% after selling its Mass Markets fiber business to AT&T for $5.75B
Pitney Bowes (PBI) up 9.9% after naming new CEO, announcing strategic actions
DOWN AFTER EARNINGS –
EnerSys (ENS) down 2.9%
ALSO LOWER –
Eastman Kodak (KODK) down 4.1% after equity offering
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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Read More on URBN:
Disclaimer & DisclosureReport an Issue
Urban Outfitters reports Q1 EPS $1.16, consensus 83c
Urban Outfitters options imply 8.6% move in share price post-earnings
Gap price target raised to $29 from $26 at Jefferies
Urban Outfitters price target raised to $46 from $42 at Jefferies
Urban Outfitters price target raised to $73 from $59 at Barclays
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