Investing.com -- Main U.S. indexes climbed following a speech from Fed Chair Jerome Powell. Powell said the Fed needs to move carefully on interest rates with risks more balanced, striking a slightly dovish tone.
Here are some of the biggest U.S. stock movers today:
Walt Disney (NYSE: DIS ) stock erased a pre-open gain and declined 0.6%. The entertainment giant announced plans to reinstate its dividend with a 30-cent per share payout for the second half of its fiscal year, signaling a recovery phase after the pandemic-induced hiatus.
Tesla (NASDAQ: TSLA ) stock fell 1% after the electric-vehicle maker started deliveries of its Cybertruck electric pickup on Thursday, with a starting price of $60,990, above its original forecast.
Alibaba (NYSE: BABA ) ADRs fell 2% after Morgan Stanley downgraded the e-commerce giant to ‘equal weight’ from ‘overweight’, citing slower turnaround in customer management revenue.
Pfizer (NYSE: PFE ) stock fell 4% after the drugs giant scrapped its plan to advance a twice-daily version of its oral weight-loss drug into late-stage studies.
Fisker (NYSE: FSR ) stock rose 11% after the electric-vehicle maker said it will scale down production this month, and produce fewer cars this year than its previous guidance, to prioritize cash for working capital needs.
Marvell (NASDAQ: MRVL ) stock fell 4.8% after the chipmaker's fourth-quarter revenue forecast fell short of expectations, while also reporting declining third-quarter revenue.
Ulta Beauty (NASDAQ: ULTA ) stock soared 12% after the cosmetics retailer raised the lower end of its annual net sales forecast and named Paula Oyibo its new chief financial officer.
UiPath (NYSE: PATH ) stock jumped 26% after the automation software firm beat third-quarter revenue estimates, amid strength in the licenses and subscription-services businesses.
Salesforce (NYSE: CRM ) stock climbed 3.4%, adding to yesterday’s gain after reporting better than expected earnings and raising guidance.
Dell Technologies (NYSE: DELL ) stock declined 5% after it reported disappointing results for the third quarter. EPS topped consensus but a revenue shortfall spooked investors.
Additional reporting by Louis Juricic
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.