Midday Movers: Boeing, MicroStrategy, Moderna and More
By Liz Moyer
Investing.com -- U.S. stocks rose on Wednesday ahead of the Federal Reserve's decision on interest rates. Here are the midday movers for June 15:
Boeing Co (NYSE:BA) shares rose 8% on a report that China Southern Airlines was testing flights with the plane maker's 737 MAX. MicroStrategy Incorporated (NASDAQ:MSTR) stock rose 8.6% after the software services company, which happens to be a big investor in Bitcoin, assured investors that it had plenty of collateral to meet any margin requirements it could face regarding that stake. Bitcoin's price fell 7%, to around $21,953. Moderna Inc (NASDAQ:MRNA) shares rose 7.5% after an advisory panel to the Food and Drug Administration recommended its Covid-19 vaccine for children aged 6 to 17. Goldman Sachs Group Inc (NYSE:GS) shares rose 2.6% to lead the banking sector higher as the prospect of rising rates is seen benefitting bank lending profits. Nucor Corp (NYSE:NUE) shares rose 2.5% after an upbeat forecast for profit based on strong demand for steel. Zendesk Inc (NYSE:ZEN) shares rose 4% after it said it was negotiating with activist investor Jana Partners after failing to find a buyer.
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