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Top Stock Movers Now: Boeing, Alaska Air Group, Alphabet, Oracle, Ebay, and More
Key Takeaways
U.S. equities were edging upward around midday, bouncing back a bit after yesterday’s selloff, as the market awaits a key report on consumer inflation. The Dow, S&P 500, and Nasdaq were all modestly higher.
Boeing ( BA ) shares gained on a report the plane maker has resumed production of its 737 MAX jetliner following the settlement of a seven-week machinists’ strike. Shares of Alaska Air Group ( ALK ) soared when the airline launched a strategic plan aimed at boosting profit and raised its guidance. Alphabet ( GOOGL ) shares popped after the tech giant unveiled a quantum computing chip called “Willow.”
Oracle ( ORCL ) shares slumped when the database software firm missed profit and sales estimates and cut its outlook as it faces stiff competition in the cloud computing market. Shares of HealthEquity ( HQY ) sank after the health savings account custodian’s full-year guidance came in below analysts’ forecasts. Ebay ( EBAY ) shares slid on a downgrade from Jefferies, which warned that slowing ad revenue and falling demand in China could weigh on future results.
Oil and gold futures advanced. The yield on the 10-year Treasury note rose. The U.S. dollar rose against a basket of other currencies. Most major cryptocurrencies traded lower, with bitcoin recently below $95,000.
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