Midday movers: GM, Workday, Phillips 66
(Updated — November 29, 2023 12:22 PM EST)
Investing.com — Main U.S. indexes traded higher Wednesday, boosted by dovish comments from a top Fed official, raising hopes that the U.S. central bank has completed its series of rate increases.
Here are some of the biggest U.S. stock movers today:
General Motors (NYSE:GM) stock rose 10% after the auto giant reinstated its 2023 guidance, plans to boost its dividend by 33% and announced a $10 billion accelerated share buyback.
Dollar Tree (NASDAQ:DLTR) stock climbed 3% despite missing expectations with its quarterly earnings and sales, citing “softer demand from low-income households.”
Foot Locker (NYSE:FL) stock soared over 19% after the athletic apparel retailer reported better-than-expected earnings and a shallower than anticipated slide in sales in the third quarter, although the athletic apparel retailer narrowed its full-year earnings guidance due to «ongoing consumer uncertainty.»
CrowdStrike (NASDAQ:CRWD) stock rose 9.6% after the cybersecurity company raised its annual guidance after reporting third-quarter results that topped expectations as a ramp-up in cybersecurity subscription revenue boosted performance.
Workday (NASDAQ:WDAY) stock rose 12% after the financial and corporate software company beat third-quarter expectations and raised its full-year subscription revenue guidance.
Farfetch (NYSE:FTCH) stock fell 48% after Richemont said it would not inject any cash into the online luxury retailer, following a report that the latter was exploring going private.
Las Vegas Sands (NYSE:LVS) stock fell 4% after the casino operator announced its largest shareholder, Miriam Adelson, is selling $2 billion of her shares to purchase a sports franchise.
NetApp (NASDAQ:NTAP)
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