Yahoo Finance Midday movers: General Electric, Coca-Cola, Meta Platforms and more
Investing.com -- U.S. stocks rose on Tuesday, helped by falling bond yields ahead of quarterly earnings from some tech giants later in the session.
Here are some of the biggest U.S. stock movers today:
General Electric (NYSE:GE) (GE) stock fell 1.7% after it raised its full-year profit forecast on robust demand for jet engine spare parts and services and improved performance in its renewable business.
Coca-Cola (NYSE:KO) stock rose 2.8% after the soft drinks giant raised its annual sales and profit forecasts, benefiting from consumers snapping up its products at higher prices. Meta Platforms Inc (NASDAQ:META) stock fell 0.7% after 41 state attorneys general filed federal and state lawsuits alleging its Facebook and Instagram social media platform is harmful to young users.
3M Company (NYSE:MMM) stock rose 4.5% after the conglomerate raised its full-year adjusted profit forecast as it looks to benefit from cost-cutting measures and price hikes.
Verizon (NYSE:VZ) stock rose 8.3% after the telecoms giant raised its annual free cash flow forecast as promotions and its high-speed 5G network helped it attract more subscribers than expected in the third quarter.
Spotify (NYSE:SPOT) stock rose 9.9% after the streaming giant reported quarterly monthly active users and subscribers ahead of expectations as it grew in all regions, as well as a quarterly profit. The stock is up over 95% year-to-date.
General Motors (NYSE:GM) stock fell 1.8% after the auto giant reported a rise in third-quarter revenues of 5.4% to $44.1 billion. However, it withdrew its previous guidance for 2023 profits and near-term electric vehicle production as costs related to the United Auto Workers strikes jumped to $200 million a week during October.
Coinbase (NASDAQ:COIN) stock rose 5.6%, with the cryptocurrency exchange benefiting from the speculation that a Bitcoin ETF is shortly to be authorized by the U.S. SEC.
Nvidia (NASDAQ:NVDA) stock rose 0.3% after Reuters reported that the chipmaker has begun designing central processing units that would run Microsoft (NASDAQ:MSFT)'s Windows operating system, using technology from Arm Holdings (NASDAQ:ARM), up 4%.
RTX stock rose 7.1% after the aerospace supplier approved a $10 billion share repurchase program, even as it reported a near billion dollar quarterly loss due to a major quality crisis at its subsidiary Pratt and Whitney.
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