Midday movers: Deere, Credit Suisse, Nordstrom and more

November 23, 2022 1:44 PM EST

By Liz Moyer -- Stocks were struggling for direction as investors awaited the release of the Federal Reserve's most recent meeting minutes. Here are the midday movers for Nov. 23:

  • Deere&Company (NYSE: DE) stock rose 4.8% after the agricultural and construction equipment maker reported better-than-expected results for profit and revenue, boosted by improved farm economics and infrastructure spending. It offered a positive outlook.

  • Credit Suisse Group (NYSE: CS) stock fell 7% after the Swiss banking giant said it would take a $1.6 billion loss after customers started to take their money out. Shareholders approved a $4.2B capital raise.

  • Nordstrom Inc (NYSE: JWN) stock fell 5.7% after the high-end department store chain reported a 3% drop in sales for the third quarter. While the move was expected, it shows even more affluent shoppers are being more careful about spending money.

  • Manchester United Ltd (NYSE: MANU) shares jumped another 17% after the U.K. football team announced late Tuesday it has started a strategic review that could result in the sale of the group, an investment by a new investor, or other transactions.

  • Citigroup Inc (NYSE: C) shares fell 2.3% after banking regulators identified an issue with its management of financial data that needs to be addressed. The problem could make it harder to produce accurate data during a time of financial stress.

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