- Major U.S. stock indices closed lower on Monday, with the Dow falling 0.29% to 52,421.20 and the 10-year Treasury yield briefly surpassing 5%.
- CrowdStrike shares surged 13.85% to $235.38 following CEO George Kurtz's comments on AI safety, while Bank of America dropped 5.12% to $59.47 due to cautionary guidance.
- Microsoft rose 1.97% to $505.41 on positive AI safety framework feedback, Zscaler jumped 16.52% to $191.73 amid a cybersecurity sector rotation, and Corning declined 13.70% to $143.60 over share dilution worries.
- Zscaler, Inc. experienced unusually high options trading volume with 34,160 call options purchased, marking a 22% increase over its average daily volume.
- Company insiders, including CEO Jagtar Chaudhry and CFO Kevin Rubin, recently sold shares to cover tax obligations or under pre-arranged trading plans, while various institutional investors adjusted their holdings.
- The cloud-native cybersecurity company reported strong financial results for the quarter with revenue reaching $898.19 million, and its stock traded up by $26.18 to $190.72 during midday trading.
- Fred Alger Management announced the quarterly rebalancing of the Alger Russell Innovation Index, taking effect after market close on September 18, 2026.
- The index update includes the addition of 7 companies such as Meta Platforms and Qualcomm, alongside the deletion of 7 firms like Expedia Group and Zscaler.
- This periodic adjustment reflects the firm's ongoing strategy for tracking growth equity investment opportunities within the financial market.