Yahoo Finance Midday movers: DocuSign, Tesla, Braze and more
Investing.com -- Stocks are rising as investors try to notch another rally for the S&P 500 ahead of next week's Federal Reserve meeting. Here are the market movers for June 9.
DocuSign Inc (NASDAQ:DOCU) shares were down 2.9% a day after the company beat expectations for revenue and profit but said it was seeing cautious customer behavior along with smaller deal sizes and lower volumes. Tesla Inc (NASDAQ:TSLA) shares rose 4% after General Motors (NYSE:GM) joined Ford Motor (NYSE:F) in adopting the electric vehicle maker's charging technology, pushing Tesla a step further to becoming the industry standard for charging. Braze Inc (NASDAQ:BRZE) shares jumped 16% after the customer engagement platform posted a narrower-than-expected adjusted loss and better-than-expected revenue for the recent quarter. Planet Labs PBC (NYSE:PL) shares fell 26% after the satellite imaging company lowered its revenue outlook for the full year but said they continue to see strong demand. Adobe Systems Incorporated (NASDAQ:ADBE) shares were up 4.3% after Wells Fargo analysts upgraded the stock to Overweight, saying artificial intelligence will be a catalyst for the stock.
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