Top Stock Movers Now: Moderna, Western Digital, Meta Platforms, and More

U.S. equities tumbled astatine midday Thursday amid concerns astir economical maturation pursuing reports showing play jobless claims roseate and manufacturing activity contracted successful July. The Dow and Nasdaq fell complete 1%, while nan S&P 500 mislaid adjacent to 1%.

Moderna (MRNA) shares sank aft nan COVID-19 vaccine shaper reduced its full-year guidance connected little income successful Europe and a reliable marketplace situation successful nan U.S.

Shares of Western Digital (WDC) besides fell arsenic nan information retention supplier missed gross estimates and current-quarter outlook projections connected anemic demand.

MGM Resorts International (MGM) shares tumbled arsenic nan edifice and casino usability warned astir lackluster edifice bookings for nan Formula 1 title successful Las Vegas successful November.

Meta Platforms (META) shares precocious aft nan societal media elephantine reported results that exceeded forecasts and highlighted nan company's advances in artificial intelligence (AI).

Shares of Shake Shack (SHAK) soared arsenic nan burger edifice concatenation hit profit and income estimates and projected 2024 would beryllium nan first twelvemonth since 2017 that it would execute affirmative free rate flow.

FMC Corporation (FMC) shares jumped arsenic nan chemic shaper posted better-than-expected results connected accrued volumes, particularly successful nan U.S. and Brazil.

Oil futures declined, while golden prices rose. The output connected nan 10-year Treasury statement sank. The U.S. dollar was up connected nan euro, pound, and yen. Most awesome cryptocurrencies traded successful nan red.