Advertisement
Singapore markets open in 8 hours 44 minutes

  • Straits Times Index

    3,404.47
    -6.34 (-0.19%)
     

  • S&P 500

    5,564.24
    -2.95 (-0.05%)
     

  • Dow

    39,292.90
    -82.97 (-0.21%)
     

  • Nasdaq

    18,380.17
    +27.41 (+0.15%)
     

  • Bitcoin USD

    55,992.06
    -905.91 (-1.59%)
     

  • CMC Crypto 200

    1,195.93
    +29.82 (+2.56%)
     

  • FTSE 100

    8,193.49
    -10.44 (-0.13%)
     

  • Gold

    2,358.70
    -39.00 (-1.63%)
     

  • Crude Oil

    82.31
    -0.85 (-1.02%)
     

  • 10-Yr Bond

    4.2880
    +0.0160 (+0.37%)
     

  • Nikkei

    40,780.70
    -131.67 (-0.32%)
     

  • Hang Seng

    17,524.06
    -275.55 (-1.55%)
     

  • FTSE Bursa Malaysia

    1,611.02
    -5.73 (-0.35%)
     

  • Jakarta Composite Index

    7,250.98
    -2.40 (-0.03%)
     

  • PSE Index

    6,529.43
    +36.68 (+0.56%)
     

Midday movers: Intel falls, American Express climbs

Investing.com
·3-min read

(Updated - January 26, 2024 11:42 AM EST)

Investing.com --Main U.S. indexes were mixed Friday as investors digested more quarterly earnings reports and data that showed moderate inflation.

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

Intel (NASDAQ:INTC) stock fell 11% after the chipmaker offered up a bleak first-quarter revenue outlook as it struggles to navigate uncertain demand in traditional computing markets and attempts to play catch up in the AI race.

Visa (NYSE:V) stock fell 1.6% after the credit card giant provided a tepid forecast for current-quarter revenue growth, eclipsing a market-beating earnings report.

ADVERTISEMENT

American Express (NYSE:AXP) stock rose 7.2% after the credit card giant beat full-year profit expectations, even as it raised its loan loss provisions, bracing for a jump in potential loan defaults.

Tesla (NASDAQ:TSLA) stock rose 1.1%, bouncing after the previous session’s sharp drop, yet the electric vehicle maker is recalling nearly 200,000 Model S, X, and Y vehicles in the U.S. due to a software malfunction that could obstruct drivers' visibility while reversing.

Colgate-Palmolive (NYSE:CL) stock rose 2.3% after the consumer goods company’s fourth-quarter profit beat expectations. “"We leveraged our strong margin performance to invest behind building our brands,” said CEO Noel Wallace.

KLA Corporation (KLAC) stock fell 6% after the chipmaking tools maker posted light revenue and earning per share guidance for its fiscal third quarter.

Western Digital (NASDAQ:WDC) stock fell 3.4% after the data-storage products maker posted a wider-than-expected quarterly adjusted loss, due to the impact of structural changes the company implemented in its flash and HDD businesses.

T-Mobile US (NASDAQ:TMUS) stock rose 1% after the wireless carrier missed its profit target for the fourth quarter, even as it forecast monthly bill-paying phone subscriber growth for the year above estimates, banking on its wide 5G coverage and promotional offers to draw in consumers.

Coinbase Global Inc. (NASDAQ:COIN) stock rose 3% after its rating was raised to ‘outperform’ from ‘perform’ at Oppenheimer on improving risk-reward. It also benefited from gains in Bitcoin.

AppFolio (NASDAQ:APPF) stock rose 27% after the application software company reported fourth quarter results that easily beat consensus estimates.

Olin Corp . (NYSE:OLN) stock rose 7% after results from the chemical products company beat expectations despite the challenging economic environment.

Spirit Airlines (NYSE:SAVE) stock tumbled 12% after JetBlue Airways (NASDAQ:JBLU) said in a filing their merger agreement "may be terminable."

Danaher (NYSE:DHR) stock rose 5.5% and Thermo Fisher Scientific (NYSE:TMO) rose 3.1% as laboratory tool stocks climbed following strong results from peer Sartorius AG.

Upgrade your investing with our groundbreaking, AI-powered InvestingPro+ stock picks. Use coupon INVESTPROPLUS24 to get a limited time discount on our Pro+ subscription plans. Click here to find out more, and don't forget to use the discount code when checking out!


Additional reporting by Louis Juricic

Related Articles

Midday movers: Intel falls, American Express climbs

Microsoft Teams down for thousands of users - Downdetector

Uber files legal appeal against Paris mayor's transport restrictions