Midday Movers: Twitter, Schlumberger, Amazon.com and More

  • Investing.com
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Midday Movers: Twitter, Schlumberger, Amazon.com and More
Credit: © Reuters.

By Liz Moyer

Investing.com -- Stocks gave back their early October gains as bond yields rose. Here are the market movers for Oct. 5

  • Twitter Inc (NYSE: TWTR ) shares cooled off on Wednesday, down 0.6% after jumping 22% the previous day, when Elon Musk said he would buy the social media site at his previously proposed price. Tesla Inc (NASDAQ: TSLA ) shares are down 4%.

  • Schlumberger NV (NYSE: SLB ) shares are up 6% as are other oil stocks. The oilfield services company stands to benefit from rising oil prices now that OPEC and its allies are cutting production 2 million barrels a day.

  • Amazon.com Inc (NASDAQ: AMZN ) shares are down 0.8% after the e-commerce company halted hiring for retail jobs in its corporate office. Amazon will hold its second Prime Day sale of the year later this month.

  • Lumen Technologies Inc (NYSE: LUMN ) shares fell 11% after Wells Fargo downgraded it to equal weight from overweight, raising questions about the sustainability of its $1 billion annual dividend.

  • Helen of Troy Ltd (NASDAQ: HELE ) shares reversed earlier losses and are now up 4% even though the maker of Hydro flasks cut its full-year forecast, saying consumer spending habits were shifting because of inflation.

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