The S&P 500 hit intraday and closing highs Friday as optimism was boosted by the announcement of a roughly $1 billion bipartisan infrastructure deal and a report on inflation that came in as expected.
Here are some of the top gainers for Friday:
1. Nike | Increase 15%
The company's footwear segment reported an 89% year-over-year jump in revenue to $7.95 billion as sales continued to recover from the pandemic. Apparel revenue more than doubled to $3.44 billion.
2. Virgin Galactic | Increase 39%
The decision follows a May 22 test flight from the company's launch base in Spaceport America, N.M., when its VMS Eve and VSS Unity reached an altitude of 55.5 miles and a top speed of Mach 3.
3. CarMax | Increase 6.7%
The company reported revenue of $7.7 billion in the quarter, more than double the year-earlier total of $3.23 billion amid strong demand for used cars.
4. Netflix | Increase 1.7%
The firm's analysts said they expected subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction.
5. Osmotica Pharmaceuticals | Increase 33%
Osmotica Pharmaceuticals (OSMT) - Get Osmotica Pharmaceuticals Plc Report climbed after the biopharma said it had signed an agreement under which Alora Pharmaceuticals will acquire Osmotica’s portfolio of legacy products and its manufacturing facility in Marietta, Ga., for up to $170 million.
Both companies' boards approved the transaction, which is expected to close in the third quarter.