Top Stock Movers Now: Rubrik (RBRK) , T-Mobile US (TMUS), Docusign, and More
U.S. stocks surged at midday Friday as optimism grew that a bipartisan agreement in the Senate would prevent a looming government shutdown. The Nasdaq jumped more than 2%, the S&P 500 gained nearly 2%, and the Dow Jones Industrial Average advanced about 1.5%.
Top Movers
Ulta Beauty (ULTA) shares soared after the cosmetics retailer posted stronger-than-expected earnings and revenue, driven by robust holiday season demand.
Crown Castle (CCI) saw its stock climb as the communications infrastructure provider announced it would sell its fiber optics unit to EQT Active Core Infrastructure fund and Zayo Group Holdings in an $8.5 billion deal.
Rubrik (RBRK) shares surged 25% after the cybersecurity firm reported impressive earnings, beating expectations on profit, sales, and guidance thanks to a sharp rise in subscription revenue.
Docusign (DOCU) experienced a sharp rally as the e-signature giant exceeded earnings estimates, boosted by strong demand for its new artificial intelligence (AI) platform.
Meanwhile, T-Mobile US (TMUS) shares slipped following a downgrade from Citi, which cited a lack of near-term catalysts to drive the stock higher.
Li Auto (LI) shares also fell after the Chinese electric vehicle (EV) maker issued weak sales guidance, fueling concerns over EV demand in China.
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