Top Stock Movers Now: American Express, CF Industries, Verizon, and More
Key Takeaways
U.S. equities were little changed at midday after the
S&P 500
set a record high yesterday on optimism about earnings and lower interest rates.
American Express (
AXP
) shares dropped when the credit card and financial services firm gave 2025 revenue guidance that was mostly below analysts’ estimates.
American depositary receipts (ADRs)
of Ericsson (
ERIC
) tumbled as the telecom equipment maker’s earnings were well short of estimates and it warned that threatened Trump administration tariffs could significantly impact its future results.
CF Industries Holdings (
CF
) shares slumped when JPMorgan downgraded the stock and cut the price target, citing a likely increase in natural gas prices, which will increase costs for the fertilizer manufacturer.
NextEra Energy (
NEE
) was the best-performing stock in the S&P 500 following a report the power provider has taken the first step toward possibly restarting a nuclear plant in Iowa.
Shares of Allurion Technologies (
ALUR
) traded roughly 200% higher after the maker of a gastric balloon weight-loss device announced a study that would combine its product with popular obesity drugs.
Verizon Communications (
VZ
) shares advanced as higher prices helped the telecom giant beat profit and sales estimates.
Oil futures continued their decline. Gold prices rose. The yield on the 10-year Treasury note fell. The U.S. dollar lost ground to the euro, pound, and yen. Most major cryptocurrencies traded higher.
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