Advertisement
Singapore markets close in 7 hours 59 minutes

  • Straits Times Index

    3,293.13
    +20.41 (+0.62%)
     

  • Nikkei

    38,003.96
    -456.12 (-1.19%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     

  • Bitcoin USD

    64,550.89
    -2,188.18 (-3.28%)
     

  • CMC Crypto 200

    1,396.72
    -27.38 (-1.92%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Gold

    2,330.90
    -7.50 (-0.32%)
     

  • Crude Oil

    82.74
    -0.07 (-0.08%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • FTSE Bursa Malaysia

    1,571.48
    +9.84 (+0.63%)
     

  • Jakarta Composite Index

    7,174.53
    -7,110.81 (-49.78%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

Midday movers: Marvell Technology, Zscaler, PagerDuty and more

Investing.com
·1-min read

By Liz Moyer

Investing.com -- Stocks were falling on Friday after a stronger-than-expected jobs report for November blunted expectations the Fed would ease the pace of interest rate hikes. Here are the midday movers for Dec. 2.

Marvell Technology Group Ltd (NASDAQ:MRVL) stock fell 4.6% after the chip maker missed expectations on revenue and profit, saying customers are reducing chip inventory that has built up over time.

Zscaler Inc (NASDAQ:ZS) shares fell 12% after the cloud security software maker said billings for the first fiscal quarter rose 37%. That beat expectations but the pace has slowed from the prior three quarters, when billings jumped by at least 50%.

ADVERTISEMENT

PagerDuty Inc (NYSE:PD) stock rose 6.8% as the company reported third-quarter revenue increased 31.3% and beat expectations. It sees fourth quarter revenue of between $98 and $100 million, which is higher than expectations.

CSX Corporation (NASDAQ:CSX) stock dropped 1.6% along with other railroad operators after President Joe Biden signed a measure passed by both houses of Congress to stop a railroad strike that could have started in the next week. Union Pacific Corporation (NYSE:UNP) shares fell 0.5%, and Norfolk Southern Corporation (NYSE:NSC) stock fell 0.9%.

Ford Motor Company (NYSE:F) stock fell 2% even after the auto maker said its electric vehicle deliveries in November doubled from the year before.

Related Articles

Midday movers: Marvell Technology, Zscaler, PagerDuty and more

Wall Street falls as jobs report keeps Fed on hike path

CIBC to appeal New York court's ruling in Cerberus lawsuit