Connect with us

Hi, what are you looking for?

Uncategorized

Midday movers: Affirm, Gap, Marvell Technology and more

© Reuters.

Investing.com — U.S. stocks were rising after Federal Reserve Chair Jerome Powell told the gathering in Jackson Hole, Wyo., that inflation is still too high and the central bank was prepared to continue raising rates to combat it.

Here are some of the biggest U.S. stock movers today:

  • Affirm (NASDAQ:) stock rose over 29% after the buy now, pay later beat expectations on and raised its guidance, boosted by a jump in transactions on its platforms.

  • Gap (NYSE:) stock rose 4.5% after the casual clothing retailer quarterly profit expectations but missed slightly on revenue expectations, with comparable store sales down 6% over its brands.

  • Marvell Technology (NASDAQ:) stock fell 7.3% after the chipmaker posted a fall in second quarter , hit by a weak enterprise market.

  • Nordstrom (NYSE:) stock fell 9.1% after the luxury department store chain adopted a cautious tone over demand in the second half of the year, warning of higher credit losses as more consumers default on payments.

  • Hawaiian Electric (NYSE:) stock slumped over 16% after the utility suspended its dividend, while S&P GIobal downgraded its credit rating deeper into “junk” territory amid scrutiny over its role in the Maui wildfires.

  • AstraZeneca (NASDAQ:) ADRs rose 0.3% after the drugmaker filed a legal challenge to critical aspects of a program that gives the Medicare health insurance plan the power to negotiate lower drug prices.
  • Netflix (NASDAQ:) stock rose 1.7% after Loop Capital upgraded the streaming giant to ‘buy’ from ‘hold’, saying the company’s shares can jump more than 20%.

Peter Nurse contributed to this report

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Content Avalon Slot: Welche person steckt hinter Novoline bzw. wem gehört Novoline? Genieße folgende große Selektion an erstklassigen Slots! Spielothek-Erster Drittens gibt parece wieder...

Uncategorized

Content Welches Online-Spielautomaten werden Halloween benannt – all slots Casino Baron Lord of Saturday (Play’n GO) CASINO-Daten Andere wieder sie sind froh gelaunt und...

News

В 2010 году Лас-Вегас стал свидетелем одного из самых дерзких ограблений в истории азартных игр. 14 декабря, группа из четырех человек, вооруженных огнестрельным оружием,...

Uncategorized

Articles As to the reasons Favor Bodog To experience Slot Online game Sports celebrity and joint wagers Reset Code Football Fortunes The website is...