Advertisement
Singapore markets closed

  • Straits Times Index

    3,297.55
    -26.98 (-0.81%)
     

  • Nikkei

    38,814.56
    +94.09 (+0.24%)
     

  • Hang Seng

    17,941.78
    -170.85 (-0.94%)
     

  • FTSE 100

    8,146.86
    -16.81 (-0.21%)
     

  • Bitcoin USD

    66,081.57
    +356.20 (+0.54%)
     

  • CMC Crypto 200

    1,403.34
    -14.54 (-1.03%)
     

  • S&P 500

    5,431.60
    -2.14 (-0.04%)
     

  • Dow

    38,589.16
    -57.94 (-0.15%)
     

  • Nasdaq

    17,688.88
    +21.32 (+0.12%)
     

  • Gold

    2,348.40
    +30.40 (+1.31%)
     

  • Crude Oil

    78.49
    -0.13 (-0.17%)
     

  • 10-Yr Bond

    4.2130
    -0.0250 (-0.59%)
     

  • FTSE Bursa Malaysia

    1,607.32
    -2.85 (-0.18%)
     

  • Jakarta Composite Index

    6,734.83
    -96.73 (-1.42%)
     

  • PSE Index

    6,383.70
    -7.13 (-0.11%)
     

Midday movers: Target, Lululemon and ViaSat fall; TJX rises

Investing.com
·2-min read

(Updated - May 22, 2024 11:58 AM EDT)

Investing.com -- U.S. stock futures were mixed Wednesday, ahead of the release of the keenly-awaited minutes from the last Federal Reserve policy meeting and results from AI bellwether Nvidia (NASDAQ:NVDA).

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

Target (TGT) stock fell 7% after the retailer forecast current-quarter comparable sales and profit largely below expectations after weak discretionary spending dented its first-quarter results.

Nvidia (NVDA) stock fell 0.5%, steadying ahead of the tech giant's quarter earnings after rising more than 3% over the past two days.

ADVERTISEMENT

Urban Outfitters (NASDAQ:URBN) fell over 4% despite the clothing retailer beating expectations on the top and bottom line in its latest quarter. Concern about growth at its namesake banner weighed on the stock.

Toll Brothers (NYSE:TOL) (TOL) stock fell 8% despite the housebuilder raising its full-year delivery guidance, as results failed to impress Wall Street given high expectations.

Lululemon Athletica (NASDAQ:LULU) (LULU) stock dropped 3.9% after the athletic apparel retailer announced the departure of Chief Product Officer Sun Choe.

Amazon (NASDAQ:AMZN) stock rose 0.4% after the tech giant announced that its cloud computing unit AWS will invest around $17 billion in data centres in northern Spain, significantly boosting its expansion plan in the country.

ViaSat (NASDAQ:VSAT) (VSAT) stock fell 17% after the communications company’s quarterly net loss grew to $90 million, up from $62 million in the same period last year.

PDD Holdings (PDD) stock rose 2% after the company beat first-quarter revenue estimates, powered by strong adoption of its international shopping site, Temu, and as Chinese domestic discount e-commerce platform Pinduoduo (NASDAQ:PDD) attracted more price-conscious customers.

Analog Devices (NASDAQ:ADI) (ADI) stock rose 8% after the semiconductor forecast third-quarter revenue above expectations, helped by a rise in demand for its automotive and industrial chips after a prolonged slump.

First Solar (NASDAQ:FSLR) rose 13%, hitting a 52-week high, amid a surge in solar stocks. SunPower (NASDAQ:SPWR), Canadian Solar (NASDAQ:CSIQ), SolarEdge Technologies (NASDAQ:SEDG), Enphase Energy (NASDAQ:ENPH), Array Technologies Inc. (ARRY) and Sunrun (NASDAQ:RUN) were all higher. Invesco Solar ETF (TAN) rose 9%.

TJX Cos. (NYSE:TJX) rose 6% after reporting first quarter results that topped expectations.


Additional reporting by Louis Juricic

Related Articles

Midday movers: Target, Lululemon and ViaSat fall; TJX rises

Bentley Systems stock fall after Schneider Electric said talks on deal are terminated

Citi fined $79 million by UK regulators over 'fat-finger' failures