Advertisement
Singapore markets closed
  • Straits Times Index

    3,306.02
    +6.02 (+0.18%)
     
  • Nikkei

    38,596.47
    -36.55 (-0.09%)
     
  • Hang Seng

    18,028.52
    -306.80 (-1.67%)
     
  • FTSE 100

    8,237.72
    -34.74 (-0.42%)
     
  • Bitcoin USD

    64,166.83
    -787.19 (-1.21%)
     
  • CMC Crypto 200

    1,325.41
    -34.91 (-2.57%)
     
  • S&P 500

    5,467.24
    -5.93 (-0.11%)
     
  • Dow

    39,160.09
    +25.33 (+0.06%)
     
  • Nasdaq

    17,698.27
    -23.32 (-0.13%)
     
  • Gold

    2,334.10
    -34.90 (-1.47%)
     
  • Crude Oil

    80.61
    -0.68 (-0.84%)
     
  • 10-Yr Bond

    4.2570
    +0.0030 (+0.07%)
     
  • FTSE Bursa Malaysia

    1,590.37
    -2.32 (-0.15%)
     
  • Jakarta Composite Index

    6,879.98
    +60.66 (+0.89%)
     
  • PSE Index

    6,158.48
    -186.08 (-2.93%)
     

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

(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