© Reuters.
By Liz Moyer
Investing.com — Stocks were falling on fading hopes for an end-of-the-year rally as investors worry about a possible recession. Here are the midday movers for Dec. 16.
-
Adobe Systems Incorporated (NASDAQ:) stock is up 3% after better-than-expected profit and met expectations for revenue. It also provided a positive outlook for the current quarter.
-
Guardant Health Inc (NASDAQ:) shares fell 30.6% after the maker of cancer-fighting devices and tests revealed that a trial of its DNA blood kit to detect colon cancer wasn’t as effective as the stool sample kit sold by EXACT Sciences Corporation (NASDAQ:). Shares of Exact Sciences rose 16%.
-
Meta Platforms Inc (NASDAQ:) stock rose 3.7% after JPMorgan upgraded the social media company, saying it believes costs are coming under control and is expecting to see revenue growth from here.
-
Darden Restaurants Inc (NYSE:) shares fell after the parent of Olive Garden and LongHorn Steakhouse for the recent quarter and raised the lower end of the range for its outlook.
-
Walt Disney Company (NYSE:) shares were down 1.5% as the movie studio and theme park operator has high expectations for the release of Avatar: The Way of Water, the sequel to Avatar. Estimates say the latest film could take in $150 million in its opening weekend, which would rank it among the top releases of 2022.
Be the first to comment