With Consumer discretionary (XLY) up 2.9%, this looks like a sector-led move rather than a company-specific surprise.
The Consumer Discretionary sector surged, building on recent positive momentum, following a Democratic sweep in the midterm elections. Stock futures rose in response to the results, which the market appears to be interpreting as a positive for cyclical sectors. A clearer political outlook is likely boosting investor confidence in future consumer spending, overriding some recent concerns about inflation and falling real wages. This political catalyst follows a strong session for the sector just the day before.