Midday movers: Uber Technologies, Intel, DR Horton and more
Investing.com -- U.S. stocks were rising on Tuesday, as investors shrugged off growing pessimism about U.S. interest rates reaching their peak soon as corporate earnings continued to pour in.
Here are some of the biggest U.S. stock movers today:
Uber (NYSE:UBER) stock rose 2.9% after the ride-hailing company reported third-quarter results that missed expectations on the top and bottom lines but showed strength in other areas, like gross bookings.
Intel (NASDAQ:INTC) stock rose 2% after a report said the chipmaker was the leading candidate to likely get billions in government funding for secure defense-chip facilities. DR Horton (NYSE:DHI) stock rose 2.7% after the homebuilder reported fourth-quarter results above expectations, benefiting from elevated property prices as inventory of previously possessed homes remained at historic lows.
WeWork (NYSE:WE) stock remained halted after the flexible co-working space provider filed for bankruptcy in a New Jersey court, as it grapples with a post-pandemic downturn in office occupancy and expensive leases.
Carlyle Group (NASDAQ:CG) stock fell 0.2% after the private equity firm reported a 43% year-on-year drop in third-quarter distributable earnings, amid a slump in assets, mostly from its private equity portfolio.
Peloton (NASDAQ:PTON) stock fell 4.2% after Deutsche Bank downgraded the exercise equipment company to ‘hold’ from ‘buy’, seeing a “lack of clarity” in its growth outlook.
Perrigo (NYSE:PRGO) stock rose 5% after the [pharmaceutical company posted weaker-than-expected third-quarter sales and lowered its guidance.
UBS (NYSE:UBS) stock rose 2.1% after the Swiss banking giant reported $22 billion in net new money in its wealth management arm, helping to soften the blow of a $785 million quarterly loss to cover the costs of taking on stricken rival Credit Suisse.
Planet Fitness (NYSE:PLNT) stock rose 11.9% after the operator of fitness centers reported third-quarter profit and revenue that rose above expectations, and issued strong guidance.
--Peter Nurse contributed to this report
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