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Top Stock Movers Now: NetApp, Dell, HP, Erie Indemnity, and More
Key Takeaways
Major U.S. equity indexes wavered between gains and losses at midday Friday after a key measure of inflation showed price pressures easing as anticipated.
Erie Indemnity ( ERIE ) shares advanced as the insurer posted better-than-expected earnings on higher management fee revenue from policy issuance and renewal services.
Elastic ( ESTC ) shares surged after the data analytics software provider’s earnings and outlook exceeded forecasts as demand grew for products related to artificial intelligence (AI) .
NetApp ( NTAP ) was the worst-performing stock in the S&P 500 after the data storage firm missed revenue forecasts and gave weak guidance as sales growth slowed.
Shares of HP ( HPQ ) slid after the PC and printer maker warned tariffs could negatively impact results , and it will cut up to 2,000 jobs.
Dell ( DELL ) shares also fell after the company’s sales and outlook disappointed .
DoubleVerify ( DV ) shares plunged as the developer of software for digital media reported weaker-than-expected quarterly results as an expected rebound in post-election ad sales failed to materialize.
Oil and gold futures fell. The yield on the 10-year Treasury note declined. The U.S. dollar was up on the pound and yen, but lost ground to the euro. Prices for most major cryptocurrencies tumbled.
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