Midday Movers: Twitter, Micron, Norwegian Cruise and More

October 4, 2022 12:59 PM EDT

By Liz Moyer -- Stocks jumped for a second day as falling bond yields boosted tech-oriented stocks. Here are the stocks that are moving on Oct. 4.

  • Twitter Inc (NYSE: TWTR) shares jumped 13% and were halted on a Bloomberg report that Elon Musk has decided to go ahead with his acquisition of the social media platform at his original offer price of $54.20 a share. Musk had been headed to court in an attempt to cancel the deal.

  • Micron Technology Inc (NASDAQ: MU) shares rose more than 5% after the chip maker announced plans to build a chip factory in New York state, spending $100 billion over two decades. The move comes after the Biden administration enacted the Chips Act, which calls for federal funding for the U.S. chip industry.

  • Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) shares rose 13% as the cruise operator ended all rules and restrictions that applied to Covid-19 conventions on masking, vaccination and testing. Passengers still have to comply with the rules in the countries the cruises visit.

  • Ford Motor Company (NYSE: F) shares rose 6.7% after it said third-quarter sales rose 16% despite a drop in sales for September.

  • Poshmark Inc (NASDAQ: POSH) shares rose 13% after the online used fashion platform agreed to a $1.2 billion sale to South Korean internet company Haver.

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