Top stock Movers now : American Express, CF Industries and more
U.S. stock markets remained relatively flat by midday Friday following a week of strong gains, with the S&P 500 reaching an all-time high fueled by optimism around earnings and easing interest rate concerns.
American Express shares dipped after the company released its 2025 revenue forecast, which largely fell short of Wall Street expectations.
Telecom equipment maker Ericsson saw its American depositary receipts (ADRs) plummet after posting earnings that missed estimates. The company also cautioned about the potential impact of looming U.S. tariffs.
CF Industries shares slid after JPMorgan downgraded the fertilizer producer, citing higher natural gas prices expected to drive up production costs.
On the flip side, NextEra Energy surged, leading the S&P 500, as reports indicated the utility giant might move to restart a nuclear facility in Iowa.
Allurion Technologies, a maker of gastric balloon weight-loss devices, saw its stock skyrocket over 200% after announcing a study integrating its product with popular weight-loss drugs.
Verizon Communications gained ground, with the telecom giant exceeding expectations for profit and revenue thanks to price increases.
Meanwhile, commodity markets reflected mixed sentiment. Oil prices continued to slide, while gold edged higher. The 10-year Treasury yield declined, and the U.S. dollar softened against major currencies, including the euro, pound, and yen. Cryptocurrencies also trended upward, with most of the top coins posting gains.
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