Written by Brenda Nakalema

Stock Market Movers This Friday

DocuSign, Digital World, Zscaler, and Crypto Stocks are just a few of the major stock market movers this Friday. Stock …

DocuSign, Digital World, Zscaler, and Crypto Stocks are just a few of the major stock market movers this Friday. Stock futures kept rising to the close of the week as traders remained focused on monetary policy and inflation.

Dow Jones Industrial Average futures gained 0.8%, and the S&P 500 futures gained 0.9%. Futures for the tech-heavy Nasdaq Composite were climbing 1.2%.

Here are some of this week’s top stock market movers:

DocuSign (ticker: DOCU) shares climbed 16% Friday following the company’s release of its fiscal second-quarter earnings and revenue that surpassed Wall Street estimates and increased its forecast for fiscal-year billings.

Zscaler (ticker: ZS) was soaring after the internet security platform issued a forecast which surpassed Wall Street estimates.

Crypto-related stocks Marathon Digital (ticker: MARA) climbed 9.4%, and Riot Blockchain was seen increasing 8.9% following Bitcoin’s rise past $20,000 on Friday.

Digital World Acquisition (ticker: DWAC), the SPAC that wants to take Donald Trump’s media company, Truth Social, to its IPO, suspended its shareholder meeting to Oct.10; therefore, voting on the merger could continue. Shares were increasing by 3.8%.

Enphase Energy (ticker: ENPH) shares declined by 1.1% after an analyst from Guggenheim downgraded the stock rating from Buy to Neutral.

Regeneron Pharmaceuticals (ticker: REGN) climbed 0.8% following Morgan Stanley’s upgrade of its stock from Equal Weight to Overweight. On Thursday, the pharmaceutical company announced promising results from late-stage clinical trials featuring eye drug medication, Eylea.


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