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Top Stock Movers Now: Nike, Intel, Medtronic, and More
Key Takeaways
Major U.S. indexes wavered between gains and losses at midday Tuesday ahead of fresh economic data due later in the week .
Nike ( NKE ) was the best-performing stock in the Dow after the athletic apparel maker announced it will launch a new women’s fitness brand with reality TV star Kim Kardashian.
Intel ( INTC ) shares also jumped on a report Broadcom ( AVGO ) and TSMC ( TSM ) are considering bids for the chipmaker .
Medtronic ( MDT ) shares tumbled after the medical device maker’s sales came in short of analysts' forecasts.
Shares of Conagra ( CAG ) slid after the packaged foods giant lowered its guidance on supply chain issues and the negative impact of foreign exchange rates.
Genuine Parts ( GPC ) shares also fell as the maker of automotive and industrial parts missed estimates for revenue and full-year profit, which it blamed on soft end-market demand.
Oil and gold futures rose. The yield on the 10-year Treasury note climbed. The U.S. dollar was up on the euro, pound, and yen. Prices for most major cryptocurrencies were lower.
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