Top Stock Movers Now: HP, Dell, Autodesk, and More

Key Takeaways

U.S. equities dropped at midday ahead of the Thanksgiving holiday as weak earnings reports from big tech companies dragged down stocks. The
Nasdaq
lost 1%, and the
Dow Jones Industrial Average
and
S&P 500
fell as well.

Shares of both HP (

HPQ

) and Dell Technologies (

DELL

) tumbled as both of the PC makers warned about market weakness ahead.

Autodesk (

ADSK

) shares sank after the design software maker announced a change at CFO.

Workday (

WDAY

) predicted weaker-than-expected full-year subscription services revenue, and shares of the human resources software firm slid.

Urban Outfitters (

URBN

) shares soared as the clothing retailer’s Anthropologie brand helped drive better-than-expected sales.

Shares of Unusual Machines (

UMAC

) skyrocketed to an all-time high when the drone maker announced that Donald Trump Jr. had joined the company’s advisory board.

Most major cryptocurrencies traded higher, lifting shares of MicroStrategy (

MSTR

), the biggest corporate holder of bitcoin.

Crude oil futures fell. Gold prices rose. The yield on the 10-year Treasury note declined. The U.S. dollar lost ground to the euro, pound, and yen.