After two days of heavy selling that saw both S&P500 and Nasdaq make new lows below pre-election levels, major stock averages rebounded late in the day and then sustained their gains in the final hours, supported by the White House announcement of a one-month Mexico/Canada tariff exemption for auto imports. Futures are flat however going into Thursday’s session as investors look to more economic data to gauge the health of the economy. Weekly jobless claims from the Department of Labor are in focus, with last week’s print rising to a three-month high. Ahead of February non-farm payrolls on Friday, today’s private-survey ADP jobs figure of 77K was also much lower than expected.
Among the evening’s key earnings reports, headlines from the Tech sector dominated the headlines. Software firm MongoDB saw its shares plunge to six-month lows after Q4 results and notably soft guidance. In semiconductors, Marvell Technology – already one of the worst performing large-caps in the sector this year – added to its 2025 losses with a 14% post-earnings decline.
Check out this evening’s top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS –
ALSO HIGHER –
- ARS Pharmaceuticals (SPRY) up 4.4% after announcing FDA approval for neffy 1 mg
- Encore Capital Group (ECPG) up 2.8% after insider buy
- CoreCivic (CXW) up 1.9% after reaching deal on Dilley, TX facility operation
- Strategic Education (STRA) up 1.2% after insider buy
DOWN AFTER EARNINGS –