Top Stock Movers Now: Sempra, Zoom, Home Depot, and More
Key Takeaways
U.S. equities declined at midday as a new report showed a big drop in consumer confidence. The
Dow Jones Industrial Average
,
S&P 500
, and
Nasdaq
all fell.
Sempra (
SRE
) was the worst-performing stock in the S&P 500 after the energy infrastructure provider’s results missed estimates and it slashed its outlook on regulatory issues and higher costs.
Shares of Zoom Communications (
ZM
) slumped when the video conferencing provider’s guidance fell short of forecasts with more companies requiring their employees to return to the office rather than work remotely.
Super Micro Computer (
SMCI
) shares tumbled as the troubled computer servicer maker has yet to produce financial reports required by Nasdaq in order to avoid delisting.
Home Depot (
HD
) shares advanced when the biggest home-improvement retailer beat profit and sales forecasts as damage caused by two major hurricanes drove up demand for building supplies.
Shares of Solventum (
SOLV
) rose as the healthcare firm sold its purification and filtration business to Thermo Fisher (
TMO
) for $4.1 billion.
American Tower (
AMT
) shares gained after the
real estate investment trust (REIT)
posted better-than-expected revenue on higher leasing demand from its telecom and wireless carrier clients.
Oil and gold futures slid. The yield on the 10-year Treasury note sank. The U.S. dollar lost ground to the euro, pound, and yen. Prices for most major cryptocurrencies continued their recent slump.
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