News
Top Stock Movers Now: Bumble, Garmin, Toll Brothers, and More
Key Takeaways
Major U.S. indexes were mixed and little changed at midday Wednesday ahead of the release of minutes from the Federal Reserve's January meeting. The S&P 500 was slightly higher, while the Dow and Nasdaq edged lower.
Celanese ( CE ) was the worst-performing stock in the S&P 500 after the specialty chemicals manufacturer warned a slowdown in its business could continue in the current quarter.
A warning from Toll Brothers ( TOL ) about demand in some markets sent shares of the homebuilder lower. Shares of rivals dropped as well.
Bumble ( BMBL ) shares sank after the dating app operator gave a weaker-than-expected outlook as the number of its paying users declined.
Garmin ( GRMN ) shares surged to a record high after the maker of navigation and fitness devices reported better-than-expected results and offered a strong outlook.
Hims & Hers Health ( HIMS ) shares also took off as the online health products provider purchased Trybe Labs, adding at-home blood testing to its offerings.
Oil futures rose and gold prices declined. The yield on the 10-year Treasury note was little changed. The U.S. dollar advanced on the euro and pound, but lost ground to the yen. Most major cryptocurrencies traded higher.
Read the original article on Investopedia