|

S&P 500 top movers: Deere & Company (DE) hit all-time high above $200

  • S&P 500 is posting small gains in choppy trading day.
  • Deere & Company (NYSE: DE) shares advanced to record highs on upbeat earnings outlook.
  • Keysight Technologies Inc (NYSE: KEYS) drops as investors book profits.

Wall Street's main indexes opened the day little changed on Friday and continue to fluctuate in tight ranges ahead of the weekend. As of writing, the S&P 500 Index was up only 0.06% on a daily basis at 3,387.

S&P 500 top movers

Deere & Company (DE), the world's largest farm equipment maker, announced on Friday that it revised its net income forecast for the full year to $2.25 billion from the earlier estimate of $1.6 billion to $2 billion. The company further noted that the operating cash flow for the year is estimated to be $2.8 billion, higher than May's estimate of $1.9 billion to $2.3 billion.

Boosted by these figures, DE surged to a fresh all-time high of $202.95 on Friday and was last seen up 5.5% on the day at $201.70.  DE also remains on track to close fourth straight week in the positive territory and has gained more than 13% since the beginning of August.

On the other hand, Keysight Technologies Inc (KEYS: NYSE) shares are down 6% on the day at $96.62 as the biggest percentage loser on Friday. Following the closing bell on Thursday, the company reported Q3 revenue of $1.01 billion, beating analysts estimate of $927.5 million. KEYS rose as much as 2.6% in premarket trading but reversed its course after the opening bell on Friday, suggesting that investors have opted out to book their profits.

Author

Eren Sengezer

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

More from Eren Sengezer
Share:

Editor's Picks

EUR/USD retreats below 1.1800 as EU-US trade relations sour

EUR/USD loses its traction and retreats below 1.1800 following the earlier climb. The data from Germany highlighted a modest improvement in business sentiment in February but failed to help the Euro as investors assess the US-EU trade relations following Trump's global tariff hike announcement.

GBP/USD rises toward 1.3550 as tariff confusion slams USD

GBP/USD extends the advance toward 1.3550 on Monday. The US Dollar faces intense selling pressure as tariff uncertainty lingers following US President Trump's latest announcement. Traders will take more cues from the broader market sentiment and central bank talks. 

Gold climbs above $5,100 on broad USD weakness

Gold sticks to its bullish bias near the monthly above $5,100 on Monday. Renewed trade-war fears, along with rising geopolitical tensions in the Middle East, turn out to be key factors that underpin the safe-haven precious metal and validate the constructive outlook.

Cardano braces for impact as US tariff storm brews

Cardano is down 4% at press time on Monday, entering its third consecutive day of decline. Bearish bias in Cardano’s derivatives market positional buildup aligns with rising pressure on the broader cryptocurrencymarket amid US President Donald Trump's reassessment of global tariffs and domestic conflict with the US Supreme Court. 

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

Top Crypto Losers: Zcash, Pump.fun, and LayerZero extended losses as Bitcoin loses $65,000

The cryptocurrency market starts the week in panic mode, with altcoins Zcash, Pump.fun, and LayerZero. Bitcoin falls below $65,000 as the US President Donald Trump regroups amid renewed trade policy risks.