Top Stock Movers Now: Deckers, Ross Stores, Intuit, and More

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Key Takeaways

  • U.S. equities gained astatine midday Friday, May 24, 2024, lifted higher by tech stocks up of a agelong vacation weekend.
  • Booming income of Hoka and Ugg marque shoes helped Deckers Outdoor station stronger-than-expected profit, and shares surged.
  • Intuit shares fell aft nan shaper of financial and different package warned it anticipates losing 1 cardinal free users of its TurboTax taxation filing package this fiscal year.

U.S. equities were higher astatine midday, boosted by tech stocks up of nan long Memorial Day vacation weekend. The Nasdaq jumped much than 1%, while nan Dow and S&P 500 were higher arsenic well.

Deckers Outdoor (DECK) was nan best-performing banal successful nan S&P 500, pinch shares hitting an all-time high arsenic nan manner footwear institution hit profit estimates connected soaring income of its Hoka and Ugg marque shoes.

Shares of Ross Stores (ROST) jumped aft nan off-price apparel and location equipment retailer beat net and gross forecasts arsenic it slashed costs.

Intuit (INTU) shares sank aft nan shaper of financial and different package warned it anticipates losing 1 cardinal free users of its TurboTax taxation filing package this fiscal year.

Shares of Workday (WDAY) slumped arsenic nan supplier of quality resources package trimmed its subscription gross guidance connected elevated income scrutiny and little customer growth. The news dragged down shares of rival Dayforce (DAY) arsenic well.

Oil futures and golden prices rose. The output connected nan 10-year Treasury statement was small changed. The U.S. dollar mislaid crushed to nan euro, pound, and yen. Trading successful astir awesome cryptocurrencies was mixed.

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