Advertisement
Singapore markets close in 4 hours 41 minutes
  • Straits Times Index

    3,173.07
    +1.14 (+0.04%)
     
  • Nikkei

    39,701.58
    -38.82 (-0.10%)
     
  • Hang Seng

    16,550.90
    -186.20 (-1.11%)
     
  • FTSE 100

    7,722.55
    -4.87 (-0.06%)
     
  • Bitcoin USD

    65,350.83
    -2,349.99 (-3.47%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,149.42
    +32.33 (+0.63%)
     
  • Dow

    38,790.43
    +75.66 (+0.20%)
     
  • Nasdaq

    16,103.45
    +130.25 (+0.82%)
     
  • Gold

    2,164.90
    +0.60 (+0.03%)
     
  • Crude Oil

    82.52
    -0.20 (-0.24%)
     
  • 10-Yr Bond

    4.3400
    +0.0360 (+0.84%)
     
  • FTSE Bursa Malaysia

    1,550.12
    -3.52 (-0.23%)
     
  • Jakarta Composite Index

    7,345.32
    +42.87 (+0.59%)
     
  • PSE Index

    6,894.40
    +41.11 (+0.60%)
     

Midday movers: PacWest Bancorp, Walt Disney, Sonos and more

Investing.com -- Stocks were wobbling after disappointing streaming subscriber numbers at Walt Disney and amid renewed weakness in bank stocks. Here are the market movers for May 11.

PacWest Bancorp (NASDAQ:PACW) shares fell 20% after it disclosed in a securities filing that it lost 9.5% of its deposits in the May 5 week. Western Alliance Bancorporation (NYSE:WAL) shares rose 3% after it said it was gaining deposits since the end of the first quarter. Walt Disney Company (NYSE:DIS) shares fell more than 8% after fiscal second-quarter earnings that showed streaming subscribers dropped four million during the period and fell below analysts' expectations. Revenue overall rose 13% in the quarter. Sonos Inc (NASDAQ:SONO) shares fell 24% after the maker of audio equipment said it was cutting expectations for the second half of fiscal 2023 because of weakening consumer demand and inventory tightening. Beyond Meat Inc (NASDAQ:BYND) shares fell 17% after the fake meat maker reported narrower losses in the first quarter. Full-year guidance was given in a range of $375M to $415M, while analysts are expecting $390M.

Applovin Corp (NASDAQ:APP) shares jumped 22% after the maker of marketing tools for app developers said it expects higher than anticipated second-quarter revenue of $710M to $730M.

Related Articles

Midday movers: PacWest Bancorp, Walt Disney, Sonos and more

News Corp reports third-quarter revenue above estimates

U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.66%