Advertisement
UK markets closed
  • FTSE 100

    8,164.12
    -15.56 (-0.19%)
     
  • FTSE 250

    20,286.03
    -45.77 (-0.23%)
     
  • AIM

    764.38
    -0.09 (-0.01%)
     
  • GBP/EUR

    1.1796
    -0.0009 (-0.07%)
     
  • GBP/USD

    1.2646
    +0.0005 (+0.04%)
     
  • Bitcoin GBP

    48,264.86
    +247.42 (+0.52%)
     
  • CMC Crypto 200

    1,264.36
    -19.47 (-1.52%)
     
  • S&P 500

    5,460.48
    -22.39 (-0.41%)
     
  • DOW

    39,118.86
    -45.20 (-0.12%)
     
  • CRUDE OIL

    81.46
    -0.28 (-0.34%)
     
  • GOLD FUTURES

    2,336.90
    +0.30 (+0.01%)
     
  • NIKKEI 225

    39,583.08
    +241.54 (+0.61%)
     
  • HANG SENG

    17,718.61
    +2.14 (+0.01%)
     
  • DAX

    18,235.45
    +24.90 (+0.14%)
     
  • CAC 40

    7,479.40
    -51.32 (-0.68%)
     

Midday movers: PepsiCo, Walt Disney, Delta Air Lines and more

Investing.com -- U.S. stocks were rising on Thursday after another inflation report, this time about producer prices, showed prices continuing to cool. Investors are taking in the information as they look for more clues guiding future Federal Reserve monetary policy.

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

PepsiCo (NASDAQ:PEP) stock rose 1.6% after the beverages giant raised its full-year forecast, following a strong performance in the second quarter even as higher prices hit demand.

Delta Air Lines (NYSE:DAL) stock rose 1.3% after the carrier reported its best-ever quarterly revenue and earnings on the back of a sharp post-pandemic rebound in travel demand.

ADVERTISEMENT

Walt Disney (NYSE:DIS) stock rose 0.3% after the entertainment giant extended Chief Executive Officer Robert Iger's contract by two years to maintain "continuity of leadership during the company’s ongoing transformation."

Coinbase (NASDAQ:COIN) stock fell 9.8% after Barclays downgraded its stance on the cryptocurrency exchange to ‘underweight’ from ‘equal-weight’, saying investors should get out before its earnings report.

Carvana (NYSE:CVNA) stock fell 6.9% after JPMorgan cut its rating on the online used car retailer to ‘underweight’ from ‘neutral’, saying the stock can slump 70% after the sharp gains earlier this year.

SoFi Technologies (NASDAQ:SOFI) stock fell 0.8% after Morgan Stanley downgraded the online personal finance company to ‘underweight’ from ‘equal-weight,’ saying the stock should be valued like a bank.

AstraZeneca (NASDAQ:AZN) ADRs rose 1.8% after UBS upgraded its stance on the pharma giant to ‘buy’ from ‘neutral’, saying its hefty drug pipeline makes it "a leading player in the field."

--Peter Nurse contributed to this report

Related Articles

Midday movers: PepsiCo, Walt Disney, Delta Air Lines and more

Wall St extends recent gains after producer prices data

Elon Musk launches AI firm xAI as he looks to take on OpenAI