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Midday movers: JPMorgan Chase, Boeing, Express and more

Investing.com
Updated ·1 min read

By Liz Moyer

Investing.com -- Stocks are falling on Friday as investors digested big bank earnings and a weaker-than-expected report on retail sales. Here are the market movers for April 14.

JPMorgan Chase&Co (NYSE:JPM) shares rose 6.9% after the bank reported record revenue that beat expectations, fueled by a 49% rise in net interest income compared with the same time last year after the Fed's aggressive rate increases. Citigroup Inc (NYSE:C) shares rose 3.9%. Boeing Co (NYSE:BA) shares were down 5.6% after the plane maker suspended deliveries of some 737 MAX jets on a part supply problem. Boeing said there isn't an immediate safety issue and planes in service can continue flying. Express Inc (NYSE:EXPR) shares jumped 31% after the retailer, teaming up with WHP Global, inked a deal to acquire the menswear brand Bonobos from Walmart (NYSE:WMT) for a reported $75 million.

UnitedHealth Group Incorporated (NYSE:UNH) shares fell 2.6% after the health insurer reported results that beat expectations and raised its forecast for profit in 2023.

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Lucid Group Inc (NASDAQ:LCID) shares fell 7.1% after the electric vehicle maker reported it delivered fewer Air sedans in the first quarter than it produced and missed expectations for delivery numbers.

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