US Stocks Hit Record Highs on US-Iran Ceasefire News
U.S.-Iran war ceasefire extension reports were cheered by the markets as S&P 500 made fresh record highs on Thursday, led by Technology, Healthcare, and Basic Materials, with other pockets of strength, such as 4% gain in shares of Eli Lillyin Healthcare and a broad-based advance in Infrastructure Software names. WTI crude oil retreated below $89 a barrel, though the Energy sector was generally spared its usual decline. Instead, Consumer Defensive and Utility sectors were the worst performing areas of the market.The AI infrastructure build-out theme also continued to resonate in the earnings season afterhours, exemplified by a blowout earnings report from Dell that saw the stock spike 40%. In the opening hour of the evening session, S&P 500 and NASDAQ 100 contracts are up slightly. In commodities, gold and silver contracts are little changed, trading around $45.20 and just below $76 per ounce.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Dellup 39.3%PagerDutyup 12.8%NetAppup 12.7%Oktaup 8.2%Asanaup 3.6%MongoDBup 1.2%Costcoup 0.1%ALSO HIGHER -Nextpowerup 6.7% after announcing entry into battery energy storageDOWN AFTER EARNINGS -SentinelOnedown 17.6%Gapdown 14.5%American Eagle Outfittersdown 11.8%Elastic N.V.down 9.2%Autodeskdown 7.3%UiPAthdown 4.9%Ambarella, Inc.down 2.8%
