© Reuters.
By Liz Moyer
Investing.com — Stocks were falling on Monday as investors awaited the Federal Reserve’s decision on interest rates and its outlook for future meetings. Here are the midday movers for Jan. 30.
- Ford Motor Company (NYSE:) stock fell 1.7% after the automaker announced price cuts to its EV Mustang Mach E. The move comes after EV rival Tesla (NASDAQ:) announced price cuts to some of its models.
- AMC Entertainment Holdings Inc (NYSE:) shares fell 9.2% after the largest movie theater operator announced a March special shareholder meeting to consider a change in its capital structure.
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Advanced Micro Devices Inc (NASDAQ:) shares fell 2.5% as it prepares to report earnings on Tuesday. Wall Street was bracing for the report days after rival chip maker Intel (NASDAQ:) posted disappointing earnings and a gloomy forecast.
- SoFi Technologies Inc. (NASDAQ:) shares rose 13% after the financial services company reported a narrower than expected loss for the and said it was on track to GAAP net income profitability in the fourth quarter of 2023.
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GE HealthCare Technologies Inc (NASDAQ:) shares rose 4% after the recent General Electric (NYSE:) spin-off per share of $1.31 for its first quarter as a stand-alone company.
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