Midday movers: Wynn Resorts, Plug Power, Walt Disney and more
Investing.com -- U.S. were rising, attempting to finish the week on an upswing after a relatively hawkish speech by Fed Chair Jerome Powell.
Here are some of the biggest U.S. stock movers today:
Wynn Resorts Limited (NASDAQ:WYNN) shares fell 5.5% despite hospitality workers reaching a tentative labor deal with the casino operator, ending the threat of a strike, as investors fretted over the uneven nature of its recovery in the Macau region. Plug Power (NASDAQ:PLUG) stock plummeted over 44% after the hydrogen fuel-cell firm's third-quarter revenue missed estimates,causing it to pull its 2023 guidance, citing “unprecedented supply challenges.” Walt Disney (NYSE:DIS) stock fell 3.2% after the entertainment giant announced the postponement of the launch dates of several movies, including “Deadpool 3”, due to the recently ended Hollywood strike.
Apple (NASDAQ:AAPL) stock rose 1.7% after the iPhone maker agreed to pay $25 million to settle claims by the Justice Department that the company illegally favored immigrant workers for certain jobs.
Illumina (NASDAQ:ILMN) stock slumped over 12% after the gene-testing company cut its annual profit forecast for the second straight quarter, hurt by weakness in demand for its sequencing instruments, consumables and services.
Groupon Inc (NASDAQ:GRPN) shares fell 37% after the company fell short of revenue expectations and said its co-founder Eric Lefkofsky would be departing the board. The company also plans to raise $100 million.
Trade Desk (NASDAQ:TTD) stock slumped over 18% after the advertising software maker disappointed with its revenue guidance for the upcoming quarter, tied to the auto and Hollywood strikes.
--Peter Nurse contributed to this report
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