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Top Stock Movers Now: Lululemon, Peloton, Docusign, and More
Key Takeaways
U.S. equities mostly added to their record highs at midday after the Labor Department reported better-than-expected job creation in November. The S&P 500 and Nasdaq gained, while the Dow Jones Industrial Average ticked lower.
Lululemon Athletica ( LULU ) was the best-performing stock in the S&P 500 when the maker of athletic attire posted better-than-expected results and raised its outlook on optimism about the key holiday shopping season.
Shares of Docusign ( DOCU ) soared after the electronic document signing software provider also reported better-than-anticipated results and raised its outlook as billings and subscriptions jumped.
Peloton Interactive ( PTON ) shares got a boost when UBS upgraded the stock and raised the price target, saying the fitness equipment and services company will benefit from cost-cutting measures and the change at CEO.
UnitedHealth Group ( UNH ) shares dropped for a second straight session on suggestions that the Wednesday murder of UnitedHealthcare CEO Brian Thompson may have been related to the insurance company's coverage policies.
Shares of Smith & Wesson ( SWBI ) cratered when the gunmaker warned that inflation was reducing firearm sales, and lowered its outlook.
Shares of companies in the oil patch, including Chevron ( CVX ) and Halliburton ( HAL ), slid along with the price of crude on expectation of an oil surplus.
Gold prices advanced. The yield on the 10-year Treasury note was little changed. The U.S. dollar rose against the euro and pound, but lost ground to the yen. Bitcoin traded up 2% at around $99,000.
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