Investing.com -- Stocks were mixed after earnings from Walmart (NYSE:WMT) and Cisco as investors watched for signs the debt ceiling debate was nearing an agreement. Here are the market movers for May 18.
Take-Two Interactive Software Inc (NASDAQ:TTWO) shares rose 12% after the video game company beat revenue expectations in the recent quarter and said game releases would help boost growth for the next few years. Netflix Inc (NASDAQ:NFLX) shares rose 9.6% after the streaming media giant said its new ad-supported subscription tier has about 5 million monthly active users just six months since the service started. Bath&Body Works Inc. (NYSE:BBWI) shares rose 8.7% after the retailer of soaps, lotions and other products beat first-quarter expectations and raised its earnings per share guidance for the year. Alibaba Group Holdings Ltd ADR (NYSE:BABA) shares fell 4.8% after the Chinese e-commerce giant said it would spin off its cloud business, including artificial intelligence, in a dividend distribution. It also talked about initial public offerings for other businesses.
Cisco Systems Inc (NASDAQ:CSCO) shares dipped 0.4% after the networking equipment maker said orders fell 23% in the recent quarter, a possible sign of weakness in demand for technology on a broader scale.