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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