Closing Bell Movers: ACM Research up 5% after joining S&P SmallCap 600

In the opening hour of the evening session, U.S. equity futures are down modestly as the momentum propelling all major indices to record highs is on hold – S&P 500 e-minis, Nasdaq 100, and Dow Industrials contracts are off by 0.1%.  In Commodities, WTI Crude Oil has bounced off its month-long support around $61.50 to trade above $62 per barrel.  Gold and Silver are also digesting today’s record high levels above $3,780 and $44.40 per ounce respectively.

Tech was the best performing sector on the S&P 500 on Monday, with investors cheering the announcement by Nvidia (NVDA) that it will invest up to $100B in OpenAI.  Shares of Nvidia, already the biggest market cap on the index, added 4% to hit record highs above $184 per share.  In turn, Communication Services and Consumer Staples were the worst performing sectors on the S&P, highlighted by 1% declines in Alphabet (GOOGL) and a 7% slide in Kenvue (KVUE) – the worst-performing name on the index.

Looking ahead to economic data this week, investors will be keep to gauge the health of the  U.S. economy with the release of Flash PMI data for month-to-date levels on tap for tomorrow.  On Friday, traders will also tune in for the release of Fed-preferred PCE inflation metrics.

Check out this evening’s top movers from around Wall Street, compiled by The Fly.

HIGHER –

• PDF Solutions (PDFS) up 19.3% after announcing multi-year contract expansion
• CPS Technologies (CPSH) up 13.4% after securing Army Technology Transfer contract
• CleanSpark (CLSK) up 5.5% after raising Bitcoin-backed credit facility with Coinbase by $100M
• ACM Research (ACMR) up 4.9% to $38.53 after inclusion in S&P 600
• Johnson & Johnson (JNJ) up 1.0% after being upgraded to Buy at Guggenheim

DOWN AFTER EARNINGS –

• Firefly Aerospace  (FLY) down 12.6%

ALSO LOWER –

• Eupraxia Pharmaceuticals (EPRX) down 6.2% after equity offering
• Vistra (VST) down 2.1% after being downgraded to Hold at Jefferies