Midday movers: Walt Disney, Lyft, Tesla and more

  • Investing.com
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Midday movers: Walt Disney, Lyft, Tesla and more

Investing.com -- U.S. stocks were falling ahead of a speech by Fed Chair Jerome Powell as investors continued to take in more quarterly earnings.

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

  • Walt Disney (NYSE: DIS ) stock rose 7.2% after the entertainment giant impressed with its quarterly earnings, thanks in large part to subscriber growth at its streaming services as well as higher attendance at its theme parks in Shanghai, Hong Kong and California.

  • Lyft (NASDAQ: LYFT ) stock fell 2.7% after the ride-hailing company reported that bookings came in weaker than expected, adding it would continue to struggle on the measure in the current quarter.

  • Tesla (NASDAQ: TSLA ) stock fell 5.9% after HSBC initiated coverage of the EV manufacturer with a ‘reduce’ rating, seeing the timing of delivery as the primary concern.

  • Tapestry (NYSE: TPR ) stock fell 3.9% after the luxury fashion firm missed first-quarter sales expectations amid persistent decline in demand for its luxury handbags and shoes in the key North America market.

  • AstraZeneca (LON: AZN ) (NASDAQ: AZN ) ADRs rose 1.5% after the drugmaker raised its annual earnings forecast, helped by strong demand for its cancer drugs, and moved to boost its pipeline in the booming anti-obesity market.

  • Arm Holdings (NASDAQ: ARM ) stock fell 6% after the semiconductor company provided a fiscal third-quarter sales outlook below expectations, citing a large deal that will likely land later than expected.

  • Affirm (NASDAQ: AFRM ) stock soared over 19% after the buy-now-pay-later lender reported a narrowing loss while logging a bog revenue beat for its latest quarter.

  • Twilio (NYSE: TWLO ) stock rose 2% after the cloud service provider forecast fourth-quarter profit above expectations on an increase in its active customer accounts.

  • AMC Entertainment (NYSE: AMC ) stock fell 15% after the theater chain filed for a $350 million stock sale. It beat third-quarter revenue estimates, boosted by the success of the "Barbie" and "Oppenheimer" movies.

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