Top Stock Movers Now: Hewlett Packard Enterprise, Costco, Walgreens, and More

Key Takeaways

The rough week for U.S. equities continued at midday on lingering concerns about Trump administration tariffs and a weaker-than-expected jobs report. The
Nasdaq
and
S&P 500
were down 1%, and the
Dow Jones Industrial Average
fell as well.

Hewlett Packard Enterprise (

HPE

) was the worst-performing stock in the S&P 500 after the information technology provider’s outlook missed estimates, and it announced cost-cutting measures, including layoffs.

Shares of Costco Wholesale (

COST

) dipped when the warehouse retailer posted profit below forecasts as it faced an uncertain economic environment.

Intuitive Machines (

LUNR

) shares plunged for a
second straight session
after the space exploration firm’s lunar craft had a landing mishap which prematurely ended the mission.

Walgreens Boots Alliance (

WBA

) shares jumped as the biggest U.S. pharmacy chain agreed to the much-anticipated takeover by
private equity
firm Sycamore Partners for $10 billion.

Shares of Gap (

GAP

) soared after the clothing retailer reported better-than-expected earnings and revenue in the key holiday period as its
turnaround plan
continued to produce positive results.

Bristol-Myers Squibb (

BMY

) shares advanced when European regulators approved expanded use of the drugmaker’s combination treatment for liver cancer patients.

Oil futures rose. Gold prices were little changed. The yield on the 10-year Treasury note slipped. The U.S. dollar continued its drop against the euro, pound, and yen. Most major cryptocurrencies traded lower.

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