Top Stock Movers Now: Tesla, Alphabet, AT&T, and More

U.S. equities sank astatine midday Wednesday arsenic tech stocks tumbled successful nan aftermath of disappointing net reports. The S&P 500 mislaid 1.7%, and nan Nasdaq sank 2.8%, while nan Dow dropped adjacent to 1%.

Tesla (TSLA) shares plunged aft nan electrical conveyance shaper missed net estimates arsenic it trim prices to boost sales.

Shares of Google genitor Alphabet (GOOGL) besides mislaid crushed amid concerns astir nan tech giant's spending on artificial intelligence (AI) investments, contempt an earnings beat.

Visa (V) shares slid aft nan in installments paper provider’s gross came successful short of forecasts amid a pullback successful user spending.

AT&T (T) shares precocious aft nan telecom elephantine reported postpaid telephone nett additions and free rate flow that were better than anticipated.

Shares of Enphase Energy (ENPH) jumped arsenic nan star powerfulness instrumentality shaper posted beardown operating profit connected a betterment successful income successful nan U.S.

Seagate Technology (STX) shares gained arsenic nan difficult disk thrust shaper hit estimates for its profit, sales, and outlook connected expanding unreality demand.

Oil and golden futures rose. The output connected nan 10-year Treasury statement was down. The U.S. dollar mislaid crushed to nan euro, pound, and yen. Prices for astir awesome cryptocurrencies were mixed.