Top Stock Movers Now: HP, Dell, Autodesk, and More
Main points
- U.S. stocks were lower in midday trading ahead of the Thanksgiving holiday amid disappointing earnings reports from some big technology companies.
- HP and Dell Technologies have warned about future demand for their personal computers.
- Urban Outfitters’ Anthropologie brand apparel sales were strong.
U.S. stocks fell in midday trading ahead of the Thanksgiving holiday as weak earnings reports from major technology companies weighed on stocks. this Nasdaq lost 1%, and Dow Jones Industrial Average and S&P 500 Index Also fell.
HP (HPQ) and Dell Technologies (Dell) fell as two PC makers warned of future market weakness.
Autodesk (adipose stem cells) shares fell after the design software maker announced a change in its chief financial officer.
working days (working day) forecast weaker-than-expected full-year subscription service revenue, sending shares of the human resources software company lower.
urban clothing store (urbanThe clothing retailer’s shares soared as its Anthropologie brand helped drive better-than-expected sales.
Share of Unusual Machines (UmakThe drone maker’s stock price soared to an all-time high when it announced that Donald Trump Jr. would join the company’s advisory board.
Most major cryptocurrencies traded higher, boosting shares of MicroStrategy (Magnetic transmission technology), the largest corporate holder of Bitcoin.
Crude oil futures fell. Gold prices rise. The 10-year Treasury yield fell. The dollar fell against the euro, pound and yen.