Closing Bell Movers: Finward jumps after First Financial deal
Stock futures were sharply higher in after-hours, adding to the session's broad gains. Traders after the close saw early reporting mostly from smaller banks, though notable names included Capital One, Bank OZK, and Pegasystems. The focus this week is on corporate earnings, with Alphabet, Tesla, IBM and Intel all set to report in the coming days. Investors are looking for signs that spending on artificial intelligence continues to translate into revenue growth and profitability after recent volatility in chip stocks raised questions about lofty valuations across the sector. Check out this evening's top movers from around Wall Street, compiled. UP AFTER EARNINGS - Annaly Capital (NLY) up 1.1% ALSO HIGHER - Finward Bancorp (FNWD) up 17.8% after agreeing to be acquired by First Financial (FFBC) in an all-stock transaction Super Micro (SMCI) up 17.5% after guiding for Q4 revenue at the low end of its previously provided guidance range DOWN AFTER EARNINGS - Pegasystems (PEGA) down 13% Alaska Air (ALK) down 2.1% Bank OZK (OZK) down 1.9% Western Alliance (WAL) down 1.9% ALSO LOWER - Faraday Future (FFAI) down 23% after announcing it will effect a 1-for-50 reverse split of its Class A.
Stock futures were sharply higher in after-hours, adding to the session's broad gains.
Traders after the close saw early reporting mostly from smaller banks, though notable names included Capital One, Bank OZK, and Pegasystems.
The focus this week is on corporate earnings, with Alphabet, Tesla, IBM and Intel all set to report in the coming days.
Investors are looking for signs that spending on artificial intelligence continues to translate into revenue growth and profitability after recent volatility in chip stocks raised questions about lofty valuations across the sector.
Check out this evening's top movers from around Wall Street, compiled.
UP AFTER EARNINGS - Annaly Capital (NLY) up 1.1% ALSO HIGHER - Finward Bancorp (FNWD) up 17.8% after agreeing to be acquired by First Financial (FFBC) in an all-stock transaction Super Micro (SMCI) up 17.5% after guiding for Q4 revenue at the low end of its previously provided guidance range DOWN AFTER EARNINGS - Pegasystems (PEGA) down 13% Alaska Air (ALK) down 2.1% Bank OZK (OZK) down 1.9% Western Alliance (WAL) down 1.9% ALSO LOWER - Faraday Future (FFAI) down 23% after announcing it will effect a 1-for-50 reverse split of its Class A.