Top Stock Movers: Apple, AbbVie, Tesla, Deckers Outdoor, and More
Apple (AAPL) saw its shares rise after reporting stronger-than-expected results, driven by a surge in services revenue. AbbVie (ABBV) also saw an increase in stock price following a beat on sales estimates and a positive outlook for its Skyrizi and Rinvoq treatments.
Tesla (TSLA) saw gains as news spread that the company could greatly benefit from new emissions regulations set to take effect in Europe. On the other hand, Deckers Outdoor (DECK) posted the steepest losses in the S&P 500, with concerns about its future outlook for the Ugg and Hoka brands weighing on its stock.
Colgate-Palmolive (CL) faced a setback with shares falling after it reported disappointing sales and provided a weak forecast, impacted by unfavorable foreign exchange rates. Walgreens Boots Alliance (WBA) also faced a sharp decline in stock price after it announced the suspension of its dividend, focusing on securing cash for a broader long-term turnaround strategy.
Meanwhile, oil and gold futures edged up slightly, and the yield on the 10-year Treasury note remained largely unchanged. The U.S. dollar strengthened against the yen but slipped against the euro and pound. Most major cryptocurrencies posted gains.
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