Top Movers of the Day

The U.S. stock market showed mixed performance as investors anticipated key inflation data set to be released the next day. The S&P 500 rose 0.45%, though it remains down nearly 3% in September amid concerns about economic growth. Factors such as falling crude oil prices, lower Treasury yields, and weak job data added to a cautious tone in the market. However, a strong demand for 3-year Treasury notes helped improve sentiment.

Investors are closely watching the upcoming Consumer Price Index (CPI) report, with expectations of a 0.2% month-over-month rise. Analysts believe the inflation data could influence a potential Federal Reserve rate cut next week.

Here are the top movers of the day:

• Ally Financial: Dropped 17.6% after its CFO cited increased credit challenges in the third quarter, particularly in auto loans for retail customers.

• Mission Produce & Calavo Growers: Mission Produce gained 21.5% after reporting a 24% year-over-year revenue increase in its fiscal third quarter. Calavo Growers rose 11% following a better-than-expected earnings report and doubling its dividend.

• Oracle: Rose over 11% after surpassing earnings expectations and announcing a strategic partnership with Amazon Web Services.

• Boot Barn: Increased by 10% following an update showing a 4% growth in same-store sales.

• Hewlett Packard Enterprise: Dropped over 8% after announcing plans to sell $1.35 billion in convertible preferred stock to fund an acquisition.

• Rubrik: Fell 1.5% despite surpassing Wall Street estimates for the second quarter.

• Patterson-UTI Energy: Dropped 3.3% after announcing its average drilling rig operations in the U.S.

• Southwest Airlines: Declined 1.6% after announcing a board shake-up due to pressure from an activist investor.

• Alibaba: Gained 2.9% after its Hong Kong shares were added to stock connect programs, expected to attract more investment from mainland China.

• JPMorgan: Fell over 5% after its COO warned that market expectations for 2025 net interest income were too high.