Top Stock Movers Now: Nike, Intel, Medtronic, and More
Key Takeaways
Major U.S. indexes wavered between gains and losses at midday Tuesday ahead of fresh economic data
due later in the week
.
Nike (
NKE
) was the best-performing stock in the Dow after the athletic apparel maker announced it will launch a new women’s fitness brand with reality TV star Kim Kardashian.
Intel (
INTC
) shares also jumped on a report Broadcom (
AVGO
) and TSMC (
TSM
) are
considering bids for the chipmaker
.
Medtronic (
MDT
) shares tumbled after the medical device maker’s
sales came in short
of analysts’ forecasts.
Shares of Conagra (
CAG
) slid after the packaged foods giant lowered its guidance on supply chain issues and the negative impact of foreign exchange rates.
Genuine Parts (
GPC
) shares also fell as the maker of automotive and industrial parts missed estimates for revenue and full-year profit, which it blamed on soft end-market demand.
Oil and gold futures rose. The yield on the 10-year Treasury note climbed. The U.S. dollar was up on the euro, pound, and yen. Prices for most major cryptocurrencies were lower.
Read the original article on
Investopedia
