DRS News & Events

Major indices fell for the third straight day, with the absence of any signs toward a resolution in the Strait of Hormuz standoff sustaining inflationary fears.   Energy was among the best performing sectors in the S&P 500 on Tuesday as WTI Crude Oil topped $104 per barrel.  Investors also rotated into the defensive areas of the market with Health Care, Consumer Staples and Utilities outperforming at the expense of Basic Materials and large-cap tech.  Global bond market rout also continued to impact sentiment, with Treasury yields rising at the medium and long end of the curve - of note, the 10-year to 3-month Treasury yield spread topped 100 basis points for the first time since 2022.In the opening hour of the evening session S&P 500 mini and NQ100 contracts are both down marginally.  In commodities, metals are being pressured by more pronounced strengthening in U.S. dollar - gold is below $4,500 and silver has fallen below $75 per ounce.   While the earnings season has largely concluded, results out of Nvidiatomorrow evening will dominate market debate on the health of the AI capex boomagainst the backdrop of higher funding costs over the next 24 hours.  The stock has fallen about 7% from last week's all-time high, though shares are still up nearly 20% year-to-date.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Red Robin Gourmet Burgersup 17.7%8x8, Inc.up 14.1%Cava Groupup 6.3%Keysight Technologiesup 3.8%Toll Brothersup 2.3%ALSO HIGHER -Robloxup 3.9% on $3B buyback announcementLeonardo DRSup 3.2% after insider buyDOWN AFTER EARNINGS -James Hardie Industriesdown 4.4%ALSO LOWER -Annovis Biodown 18.1% after equity offeringViavi Solutionsdown 6.3% after equity offering

Leonardo DRS announced the launch of Tenum 640 Orbit, an advanced uncooled long-wave infrared thermal camera module optimized for unmanned air, ground, and maritime platforms. The company will debut Tenum 640 Orbit at SOF Week in Tampa, FL. "Unmanned systems are fielding at scale. Integrators and operators need thermal cameras that are both mission-capable and integration-friendly," said Greg Christison, vice president, Sensors & Aviation, at Leonardo DRS. "Tenum 640 Orbit is a size, weight, power and cost (SWAP-c) optimized OEM camera module to help accelerate integration timelines and enable broader deployment across small, unmanned platforms without compromising performance."