Midday movers: Amazon, Intel, Ford Motor, Exxon Mobil and more
Investing.com -- U.S. stocks are mixed on Friday as tech tried to stage a comeback after earnings reports from Amazon and Intel.
Here are some of the biggest U.S. stock movers today:
Amazon (NASDAQ:AMZN) stock rose 7% after the e-commerce giant reported third-quarter results that topped expectations as growth in its cloud business continued to stabilize and advertising growth jumped.
Intel (NASDAQ:INTC) stock rose 9.7% after the chip manufacturer delivered better-than-expected guidance for the current quarter after third-quarter earnings markedly beat analyst estimates amid signs PC demand has bottomed out.
Ford (NYSE:F) stock fell more than 10% after the auto giant withdrew its full-year results forecast due to "uncertainty" over the pending ratification of its deal with the United Auto Workers union.
Exxon Mobil (NYSE:XOM) stock fell 2.3% after the oil major posted a $9.1 billion third-quarter profit, an about 54% drop from record earnings a year ago but up from the prior quarter as oil prices recovered.
JPMorgan (NYSE:JPM) stock fell 2.9% after the biggest U.S. bank said CEO Jamie Dimon would sell a portion of his stock holdings in the bank in 2024 for financial diversification and tax planning.
Chevron (NYSE:CVX) stock fell 5.9% after the oil giant reported a fall in third-quarter profit despite higher oil prices, days after agreeing to buy smaller U.S. rival Hess (NYSE:HES) for $53 billion.
Natwest (NYSE:NWG) stock fell 12.7% after the Financial Conduct Authority said it had identified potential "regulatory breaches" in the U.K.-based lender’s handling of a decision to close former Brexit party leader Nigel Farage's accounts.
Sanofi (NASDAQ:SNY) ADRs fell 19.5% after the French drugmaker dropped its 2025 profit target under a plan to list its consumer healthcare business, while lifting its development spending plans.
Enphase Energy (NASDAQ:ENPH) stock slumped 14% after the solar inverter maker missed quarterly revenue forecasts and offered full-year guidance well below expectations.
AbbVie (NYSE:ABBV) stock fell 5.3% after the pharmaceutical company raised its annual profit forecast after beating quarterly earnings estimates, helped by a lower-than-feared drop in sales of its blockbuster arthritis drug, Humira, and strong demand for newer drugs. Colgate-Palmolive (NYSE:CL) stock fell 1.2% after the consumer goods company raised its annual organic sales and profit forecasts for a third time this year, betting on price hikes and steady demand for its self-care and pet nutrition products.
Related Articles
Midday movers: Amazon, Intel, Ford Motor, Exxon Mobil and more
Chevron's third-quarter profit slumps, shares fall
Earnings Call: Portland General Electric Reports Q3 2023 Results, Maintains Long-Term Growth Outlook
