Advertisement
Canada markets closed
  • S&P/TSX

    21,554.86
    -26.49 (-0.12%)
     
  • S&P 500

    5,464.62
    -8.55 (-0.16%)
     
  • DOW

    39,150.33
    +15.57 (+0.04%)
     
  • CAD/USD

    0.7302
    -0.0004 (-0.05%)
     
  • CRUDE OIL

    82.34
    +0.17 (+0.21%)
     
  • Bitcoin CAD

    88,039.30
    +524.62 (+0.60%)
     
  • CMC Crypto 200

    1,347.11
    -13.21 (-0.97%)
     
  • GOLD FUTURES

    2,334.70
    -34.30 (-1.45%)
     
  • RUSSELL 2000

    2,022.03
    +4.64 (+0.23%)
     
  • 10-Yr Bond

    4.2570
    +0.0030 (+0.07%)
     
  • NASDAQ

    17,689.36
    -32.23 (-0.18%)
     
  • VOLATILITY

    13.20
    -0.08 (-0.60%)
     
  • FTSE

    8,237.72
    -34.74 (-0.42%)
     
  • NIKKEI 225

    38,596.47
    -36.55 (-0.09%)
     
  • CAD/EUR

    0.6826
    +0.0005 (+0.07%)
     

Midday movers: Target, Lululemon and ViaSat fall; TJX rises

(Updated - May 22, 2024 11:58 AM EDT)

Investing.com -- U.S. stock futures were mixed Wednesday, ahead of the release of the keenly-awaited minutes from the last Federal Reserve policy meeting and results from AI bellwether Nvidia (NASDAQ:NVDA).

Here are some of the biggest U.S. stock movers today:

Target (TGT) stock fell 7% after the retailer forecast current-quarter comparable sales and profit largely below expectations after weak discretionary spending dented its first-quarter results.

Nvidia (NVDA) stock fell 0.5%, steadying ahead of the tech giant's quarter earnings after rising more than 3% over the past two days.

ADVERTISEMENT

Urban Outfitters (NASDAQ:URBN) fell over 4% despite the clothing retailer beating expectations on the top and bottom line in its latest quarter. Concern about growth at its namesake banner weighed on the stock.

Toll Brothers (NYSE:TOL) (TOL) stock fell 8% despite the housebuilder raising its full-year delivery guidance, as results failed to impress Wall Street given high expectations.

Lululemon Athletica (NASDAQ:LULU) (LULU) stock dropped 3.9% after the athletic apparel retailer announced the departure of Chief Product Officer Sun Choe.

Amazon (NASDAQ:AMZN) stock rose 0.4% after the tech giant announced that its cloud computing unit AWS will invest around $17 billion in data centres in northern Spain, significantly boosting its expansion plan in the country.

ViaSat (NASDAQ:VSAT) (VSAT) stock fell 17% after the communications company’s quarterly net loss grew to $90 million, up from $62 million in the same period last year.

PDD Holdings (PDD) stock rose 2% after the company beat first-quarter revenue estimates, powered by strong adoption of its international shopping site, Temu, and as Chinese domestic discount e-commerce platform Pinduoduo (NASDAQ:PDD) attracted more price-conscious customers.

Analog Devices (NASDAQ:ADI) (ADI) stock rose 8% after the semiconductor forecast third-quarter revenue above expectations, helped by a rise in demand for its automotive and industrial chips after a prolonged slump.

First Solar (NASDAQ:FSLR) rose 13%, hitting a 52-week high, amid a surge in solar stocks. SunPower (NASDAQ:SPWR), Canadian Solar (NASDAQ:CSIQ), SolarEdge Technologies (NASDAQ:SEDG), Enphase Energy (NASDAQ:ENPH), Array Technologies Inc. (ARRY) and Sunrun (NASDAQ:RUN) were all higher. Invesco Solar ETF (TAN) rose 9%.

TJX Cos. (NYSE:TJX) rose 6% after reporting first quarter results that topped expectations.


Additional reporting by Louis Juricic

Related Articles

Midday movers: Target, Lululemon and ViaSat fall; TJX rises

Bentley Systems stock fall after Schneider Electric said talks on deal are terminated

Citi fined $79 million by UK regulators over 'fat-finger' failures