Closing Bell Movers: Progress Software up 4%, Jefferies slips 1% on earnings

In the opening hour of evening session, U.S. equity futures are modestly lower, with S&P 500, Dow Industrials, and Nasdaq 100 contracts all down by a decimal after posting modest gains across the board during regular trading on Monday.  In commodities, WTI Crude Oil has broken a string of four consecutive gaining sessions with a sharp decline toward $63 per barrel thanks to reports of OPEC+ plans for another increase to oil output in November.  Precious metals, meanwhile, are a touch lower this evening after Gold and Silver posted fresh record highs above $3,860 and $47.40 per ounce respectively.

Energy was the worst performing sector in the S&P 500 due to the slump in Oil prices, with Integrated giants Exxon Mobil (XOM) and Chevron (CVX) both trading down by nearly 3%.  Meanwhile, cyclical sectors – Tech and Consumer Discretionary were at the forefront of gains.  Among the megacap notables, Nvidia (NVDA) was up for the 3rd straight day with a 2% advance, while Amazon (AMZN) gained over 1% for its second straight winning session after 5 losing days.  

The first week of the month invariably puts the spotlight on the monthly employment data from BLS, though a timely release could be jeopardized by the potential U.S. government shutdown, with VP Vance stating this afternoon that Republican and Democratic congressional leaders have left a meeting with President Trump with no deal.

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

HIGHER AFTER EARNINGS – 

• Progress Software (PRGS) up 4.2%

ALSO HIGHER –

• Eupraxia Pharmaceuticals (EPRX) up 14.4%  after ‘positive’ data from highest-dose cohort in RESOLVE trial

DOWN AFTER EARNINGS –

• ReposiTrak (TRAK) down 6.4%
• IDT Corporation (IDT) down 4.5%
• Vail Resorts (MTN) down 2.1%
• Jefferies Financial Group (JEF) down 1.4%

ALSO LOWER –

• Energy Fuels (UUUU) down 8.4% after convertible senior note offering