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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Stocks making the biggest moves midday: MGM Resorts, AIG, Marathon Oil & more

Fred Imbert

Bloomin' Brands BLMN — Shares of the hospitality company jumped 8.95 percent on stronger-than-expected quarterly results. Avon Products AVP — The cosmetics maker's stock dropped 11 percent after Avon reported mixed results for the fourth quarter. MGM Resorts MGM — Shares of MGM fell 6.36 percent after the casino and resort operator reported a diluted loss per share of 6 cents in the current quarter compared to diluted earnings per share of $2.39 in the prior year quarter.

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