Key Takeaways
- The selloff successful tech stocks that sent nan S&P 500 and Nasdaq sinking yesterday continued astatine midday, and nan Dow fell from its all-time high.
- Domino's Pizza shares plunged connected an income, gross and world description update.
- Home builder shares precocious arsenic D.R. Horton posted beardown results and gave a affirmative outlook.
U.S. equities fell astatine midday Thursday arsenic nan selloff successful exertion stocks that sent nan S&P 500 and Nasdaq tumbling yesterday continued. Both were down again, arsenic was nan Dow.
Domino’s Pizza (DPZ) was by acold nan worst-performing banal successful nan S&P 500, falling connected concerns astir nan pizza transportation giant's income, gross and reduced world description plans. Shares of Darden Restaurants (DRI) declined aft nan edifice institution bought Tex-Mex concatenation Chuy’s Holdings (CHUY) for $37.50 per share, a 48% premium to Chuy’s closing value yesterday. Chuy’s shares soared.
Shares of Eli Lilly (LLY) and American Depositary Receipts (ADRs) of Novo Nordisk (NVO) dipped erstwhile Roche reported affirmative results successful an early proceedings of an oral weight-loss curen that could situation Lilly's drugs.
Shares of location builders jumped aft D.R. Horton (DHI) hit profit and income estimates, upgraded its outlook, and announced a $4 cardinal stock buyback. Equifax (EFX) gained erstwhile nan in installments monitoring institution exceeded net and gross expectations arsenic it benefited from non-mortgage income growth.
Shares of Cintas (CTAS) roseate aft nan supplier of uniforms and different commercialized supplies posted better-than-expected results and gave beardown guidance connected higher volumes and cost-cutting moves.
Oil and golden futures edged higher. The output connected nan 10-year Treasury statement was higher arsenic enslaved prices fell. The U.S. dollar was up connected nan euro, pound, and yen. Bitcoin fell a spot beneath $64,000.