© Reuters.
By Liz Moyer
Investing.com — U.S. stocks fell Wednesday at the start of the Federal Reserve’s two-day monetary policy meeting. Here are the midday movers for Sept. 21:
- Stitch Fix (NASDAQ:) shares rose 7% despite warning on full-year results on a weaker outlook for sales of the personal styling services that boomed during the pandemic.
- Coty Inc (NYSE:) shares rose 3.7% after the cosmetics maker forecasted skincare revenue to double by fiscal year 2025 amid a surge in beauty product sales.
- General Mills Inc (NYSE:) stock rose 6% after the maker of Cheerios cereal better than expected profit and raised its full-year outlook, citing higher prices and resilient demand.
- Beyond Meat Inc (NASDAQ:) stock was rebounding earlier but lost momentum and is now ticking down 0.6% after the plant-based protein maker announced a collaboration with Taco Bell.
- Walmart Inc (NYSE:) stock rose 1.7% after the biggest U.S. retailer said it would slow seasonal hiring for the holidays compared to last year, though it expects the period to be busy.
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