© Reuters.
By Liz Moyer
Investing.com — U.S. stocks rose after the Bank of England stepped in to stabilize the British pound. Here are the midday movers for Sept. 28:
- Biogen Inc (NASDAQ:) shares jumped 37% after its drug making partner Eisai Co (OTC:)., Ltd. (TYO:) reported a successful late-stage trial of their Alzheimer’s drug, saying it reduced cognitive decline by 27% in patients. Eisai’s shares jumped 62%. Eli Lilly and Company (NYSE:), which is also working on a treatment, rose 8%.
- Apple Inc (NASDAQ:) shares fell 2.3% after a report it decided not to increase the production of its newest iPhone but hold to earlier production levels.
- DocuSign Inc (NASDAQ:)shares rose 4.7% after the electronic signature company said it was cutting 9% of its workers, eyeing a $40 million charge for restructuring.
- VF Corporation (NYSE:) shares fell 3% after it cut guidance, citing lower sales of its Vans casual shoes and North Face apparel.
- Thor Industries Inc (NYSE:) shares rose 3.7% after the RV maker beat fourth quarter expectations. It did see demand could be an issue going forward after a pandemic craze for buying RVs.
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