U.S. Equity Futures Little Changed, Tech Stocks Mixed Performance
In the opening hour of the evening session, U.S. equity futures are little changed, with S&P 500 e-minis at 6.865 and Nasdaq 100 just above 25,620. Commodities, meanwhile, are down slightly - WTI Crude Oil is backing away from two-week highs above $60 per barrel after Energy prices rallied on Thursday, with the Russia-Ukraine stalemate becoming ever-more apparent. Gold retreated below $4,240 and Silver has pulled back over the past two days from record highs near $60.Energy and Industrials were some of the best performing sectors on the S&P 500 on Thursday, while Health Care and Consumer Staples lagged. Better than expected weekly claims drove traders away from the safety of Treasuries as the yield on the benchmark 10-year rose toward 4.1% and the Vix fear gauge retreated to one-month low below 16 level. Tech traded mixed, with relative outperformance in the Software space, while Communication Services was paced by the outsized gains by Meta Platform, which rallied over 3% on reports that the company is seeking to control its runaway investment by cutting up to 30% of spending dedicated to the metaverse.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Rubrikup 16.4%The Cooper Companiesup 13.5%Zumiezup 13.4%Ulta Beautyup 6.0%ServiceTitanup 6.0%IDTup 4.7%Samsaraup 1.6%ALSO HIGHER -Praxis Precision Medicinesup 23.2% after results from EMBOLD relutrigine studyDOWN AFTER EARNINGS -Domodown 14.1%HP Enterprisedown 9.6%SentinelOnedown 8.8%DocuSigndown 5.8%ALSO LOWER -Oklo Inc.down 7.0% after $1.5B equity shelfSoFi Technologiesdown 6.2% after equity offering