Top Stock Movers Now: Kenvue, Uber, Palantir, and More

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Key Takeaways

  • U.S. equities rallied Tuesday pursuing Monday's large sell-off amid worries astir nan U.S. economy.
  • Kenvue shares jumped aft nan institution reported better-than-expected results connected beardown income of its portion that produces brands including Band-Aid and Listerine.
  • Palantir Technologies shares surged aft nan institution reported grounds net and lifted its full-year guidance connected increasing request for its artificial intelligence platform.

U.S. equities rallied successful intraday trading Tuesday, arsenic investors piled backmost into stocks aft worries astir nan U.S. system sent markets reeling pursuing past week’s jobs report. The S&P 500, Nasdaq , and Dow were each up complete 1%.

Kenvue (KVUE) was nan best-performing banal successful nan S&P 500 aft nan user wellness attraction products institution posted better-than-expected results connected beardown income of its portion that produces brands including Band-Aid and Listerine.

Shares of Uber (UBER) besides jumped aft nan company's second-quarter profits more than doubled year-over-year, arsenic gross bookings and gross surpassed analysts' expectations.

Fox Corporation (FOXA) shares gained aft nan media company’s profit hit forecasts connected higher connection fees and maturation of its Tubi free TV and movie streaming service.

Palantir Technologies (PLTR) shares surged aft nan institution reported grounds earnings and lifted its full-year guidance connected increasing request for its artificial intelligence platform.

Shares of Lumen Technologies (LUMN) soared arsenic nan telecom supplier said it sewage $5 cardinal successful caller business because of booming request for artificial intelligence (AI) connectivity products.

Vulcan Materials (VMC) shares declined arsenic nan shaper of building aggregates missed net and gross estimates and trim its outlook arsenic nan soft lodging marketplace wounded demand. 

Oil futures roseate and golden prices dropped. The output connected nan 10-year Treasury statement advanced. The U.S. dollar gained connected nan euro, pound, and yen. As pinch equities, astir awesome cryptocurrencies rallied aft plunging yesterday. 

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