Midday movers: Nvidia, Carnival Rise; SolarEdge, Pool fall
(Updated - June 25, 2024 11:41 AM EDT)
Investing.com -- U.S. stock futures rose Tuesday, with the tech stocks bouncing after the previous session's sharp losses.
Here are some of the biggest U.S. stock movers today:
Nvidia (NASDAQ: NVDA) stock rose 5.5%, bouncing after the chipmaker slumped almost 7% during the last session, moving its market cap back above the $3 trillion threshold.
SolarEdge (NASDAQ: SEDG) stock fell 18% after the renewable energy company announced plans to offer $300 million in new debt.
Birkenstock (NYSE: BIRK) stock slid 3.8% after the footwear maker said a top shareholder plans to offload 14 million shares in a public offering.
Novo Nordisk (NYSE: NVO) stock rose 4% after the drugmaker’s blockbuster Wegovy weight-loss treatment received approval from regulators in China.
Spirit AeroSystems (NYSE: SPR) stock fell 5.3% following a Bloomberg report indicating Boeing (NYSE: BA) has offered to acquire the airplane fuselage maker in a deal funded mostly by stock that values its key supplier at about $35 per share.
Trump Media & Technology Group (NASDAQ: DJT) stock rose 3%, extending Monday's gains after the former president’s company had announced it expected $69.4 million in proceeds from cash exercise of warrants.
Pool (NASDAQ: POOL) stock fell 7% after the swimming pool products distributor cut earnings and revenues expectations, citing lower new pool construction and remodel activities.
Mastercard (NYSE: MA) stock rose 0.2% with Commerzbank rating the U.S. payment service provider as a "strong buy", citing its robust growth prospects and its leading position in global payments.
Airbus (OTC: EADSY) stock fell 11% after the aircraft manufacturer said it was cutting its financial targets for 2024, citing supply chain issues and additional costs in its space systems division.
Carnival Corp. (NYSE: CCL) rose 8% after it reported second quarter earnings per share that topped estimates. Peers Royal Caribbean (NYSE: RCL) and Norwegian Cruise Line (NYSE: NCLH) were also higher.
Walmart (NYSE: WMT) fell 2.3% after its CFO said at a conference that not every quarter is going to be as good as the last quarter and the second quarter is challenging from a comp perspective.
Additional reporting by Louis Juricic