Top Stock Movers Now: Bumble, Garmin, Toll Brothers, and More
Key Takeaways
Major U.S. indexes were mixed and little changed at midday Wednesday ahead of the release of minutes from the Federal Reserve’s January meeting. The S&P 500 was slightly higher, while the Dow and Nasdaq edged lower.
Celanese (
CE
) was the worst-performing stock in the S&P 500 after the specialty chemicals manufacturer
warned a slowdown in its business
could continue in the current quarter.
A
warning from Toll Brothers
(
TOL
) about demand in some markets sent shares of the homebuilder lower. Shares of rivals dropped as well.
Bumble (
BMBL
) shares sank after the dating app operator gave a weaker-than-expected outlook as the number of its paying users declined.
Garmin (
GRMN
) shares surged to a record high after the maker of navigation and fitness devices reported better-than-expected results and offered a strong outlook.
Hims & Hers Health (
HIMS
) shares also took off as the online health products provider purchased Trybe Labs, adding at-home blood testing to its offerings.
Oil futures rose and gold prices declined. The yield on the 10-year Treasury note was little changed. The U.S. dollar advanced on the euro and pound, but lost ground to the yen. Most major cryptocurrencies traded higher.
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