S&P 500 Continues to Flirt with 7,000 Level
S&P 500 has continued to flirt with the 7,000 level but, similar to yesterday's price action, any early-session gains are surrendered into the close. Wednesday saw a replay of the familiar theme, with Energy and Materials the top two sectors on the day and year-to-date by far, while Tech continues to be dragged down by losses in the Software space. Compounding today's caution was the delayed employment return, which came in slightly hotter than expected - albeit with most of the job gains coming in Healthcare and Education. The market still repriced March FOMC probabilities from a 20% chance of a cut to a roughly 5% chance as while traders sold Treasuries across the curve. The reaction in fixed income also weighed on the rate-sensitive Real Estate sector.In the opening hour of the evening session, sentiment remains mixed - S&P 500 e-minis are flat and Nasdaq 100 is down 0.2%. WTI Crude Oil remains bid just shy of the $65 per barrel mark, while precious metals are tracking sideways - Gold just below $5,090 and Silver above $83 per ounce.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Fastlyup 31.7%Cognexup 23.6%McGraw Hillup 17.9%Curtiss-Wright Corporationup 6.9%HubSpotup 0.9%DOWN AFTER EARNINGS -Rollinsdown 13.2%QuantumScapedown 11.2%Inspire Medical Systemsdown 8.8%Cisco Systemsdown 7.5%Tyler Technologiesdown 7.1%Paycomdown 6.6%Nabors Industriesdown 6.3%AppLovindown 6.0%McDonald'sdown 0.1%
