© Reuters.
By Liz Moyer
Investing.com — Stocks gave back their early October gains as bond yields rose. Here are the market movers for Oct. 5
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Twitter Inc (NYSE:) shares cooled off on Wednesday, down 0.6% after jumping 22% the previous day, when Elon Musk said he would buy the social media site at his previously proposed price. Tesla Inc (NASDAQ:) shares are down 4%.
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Schlumberger NV (NYSE:) shares are up 6% as are other oil stocks. The oilfield services company stands to benefit from rising oil prices now that OPEC and its allies are cutting production 2 million barrels a day.
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Amazon.com Inc (NASDAQ:) shares are down 0.8% after the e-commerce company halted hiring for retail jobs in its corporate office. Amazon will hold its second Prime Day sale of the year later this month.
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Lumen Technologies Inc (NYSE:) shares fell 11% after Wells Fargo downgraded it to equal weight from overweight, raising questions about the sustainability of its $1 billion annual dividend.
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Helen of Troy Ltd (NASDAQ:) shares reversed earlier losses and are now up 4% even though the maker of Hydro flasks cut its full-year forecast, saying consumer spending habits were shifting because of inflation.
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