The three major U.S. equities indexes closed flat to lower Monday, following a sharp sell-off in the last 45 minutes of trading. The Dow Jones industrials closed flat, the S&P 500 0.4% lower and the Nasdaq down by 0.58%. That was the final bounce in a day of bouncing. Among S&P 500 stocks, losers and winners were evenly divided (245 to 255, respectively) in Monday trading. Six of 11 sectors closed lower, led by communications services (down 1.7%) and technology (down 0.7%). Energy was the day’s big gainer, closing higher by 1.3%.
At around 7:00 a.m. ET Tuesday morning, S&P 500 futures traded down about 0.2%, the Nasdaq was down about 0.4% and the Dow traded essentially flat.
Crude oil settled at $91.32 on Monday and traded down by about 1.9% in early trading Tuesday at $89.57. The 10-year/two-year U.S. Treasury note spread ended the day at 0.63%, up three basis points from Friday’s settlement. The yield curve had narrowed by about one in premarket trading Tuesday.
Here are the five S&P 500 stocks that closed with the largest gains on Monday: Tyson Foods (up 12.23%), Royal Caribbean Cruise Lines (up 8.44%), Norwegian Cruise Lines (up 8.40%), Carnival Corp. (up 7.82%) and American Airlines (up 5.05%).
Monday’s biggest losers among S&P 500 stocks were Zimmer Biomet (down 9.09%), Constellation Energy (down 8.12%), Meta Platforms (down 5.14%), Avery Dennison (down 4.14%) and PayPal (down 3.70%).
Among Tuesday’s leading gainers in the premarket was Velodyne Lidar Inc. (NASDAQ: VLDR), which traded up by nearly 44%, at $5.42 in a 52-week range of $3.13 to $24.70. The maker of lidar sensors for advanced autonomous driving systems concluded a deal with Amazon granting the e-commerce giant a warrant to purchase 39.6 million shares of company stock at $4.18 per share at any time between now and February 4, 2030. The stock closed at $3.77 on Monday and gained as much as 127% in after-hours trading.
Harley-Davidson Inc. (NYSE: HOG) traded up by around 9% before markets opened Tuesday, at $39.20 in a 52-week range of $32.13 to $52.06. The motorcycle maker reported quarterly results late Monday that roared past profit and revenue estimates. It also issued upside guidance for fiscal 2022 that included an increase of 5% to 10% in revenue.
Chegg Inc. (NASDAQ: CHGG) traded up by about 7.8% in the premarket session, at $29.40 in a 52-week range of $23.23 to $115.21. The online learning platform beat both profit and revenue when it reported quarterly results Monday afternoon and issued upside guidance for both the current quarter and the 2022 fiscal year.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.