Top Stock Movers Now: NetApp, Dell, HP, Erie Indemnity, and More

Key Takeaways

Major U.S. equity indexes wavered between gains and losses at midday Friday after a
key measure of inflation
showed price pressures easing as anticipated.

Erie Indemnity (

ERIE

) shares advanced as the insurer posted better-than-expected earnings on higher management fee revenue from policy issuance and renewal services.

Elastic (

ESTC

) shares surged after the data analytics software provider’s
earnings and outlook exceeded forecasts
as demand grew for products related to
artificial intelligence (AI)
.

NetApp (

NTAP

) was the worst-performing stock in the S&P 500 after the data storage firm missed revenue forecasts and gave weak guidance as sales growth slowed.

Shares of HP (

HPQ

) slid after the PC and printer maker
warned tariffs could negatively impact results
, and it will cut up to 2,000 jobs.

Dell (

DELL

) shares also fell after the company’s
sales and outlook disappointed
.

DoubleVerify (

DV

) shares plunged as the developer of software for digital media reported
weaker-than-expected quarterly results
as an expected rebound in post-election ad sales failed to materialize.

Oil and gold futures fell. The yield on the 10-year Treasury note declined. The U.S. dollar was up on the pound and yen, but lost ground to the euro. Prices for most major cryptocurrencies tumbled.

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