Key Takeaways
- Major U.S. indexes were small changed astatine midday Wednesday, arsenic investors watch developments successful nan Middle East and nan U.S. larboard strike.
- Nike shares fell Wednesday, a time aft nan institution declined to connection a full-year outlook alongside its fiscal first-quarter results.
- Humana's banal value plunged aft a ample stock of its Medicare offerings were downgraded by nan Centers for Medicare and Medicaid Services.
Major U.S. indexes were small changed astatine midday Wednesday, arsenic investors watch developments successful nan Middle East and nan U.S. larboard strike. The Dow, S&P 500, and Nasdaq were each somewhat lower.
Humana (HUM) was nan worst-performing banal successful nan S&P 500 aft a ample stock of nan insurer's Medicare offerings were downgraded by the Centers for Medicare and Medicaid Services (CMS).
Shares of Nike (NKE) besides fell, a time aft nan diversion apparel elephantine withdrew its full-year guidance and pushed backmost its investor day.
Tesla (TSLA) shares slipped aft nan electrical conveyance shaper reported much deliveries than analysts projected for nan 3rd quarter, but investors whitethorn person had higher expectations.
Conagra Brands (CAG) shares sank arsenic nan nutrient shaper pinch brands specified arsenic Duncan Hines and Slim Jim reported profit and income that missed estimates arsenic it faced a “challenging environment.”
Lamb Weston Holdings (LW) shares climbed aft stiff murphy products institution announced a awesome restructuring that includes closing a plant, accumulation cuts, and layoffs.
Shares of Caesars Entertainment (CZR) gained arsenic nan edifice and casino usability said it would buy back half a cardinal dollars successful banal aft its existent repurchase programme ends.
Diamondback Energy (FANG) shares besides roseate arsenic Barclays upgraded nan stock, pointing to nan benefits of nan lipid company’s $26 cardinal acquisition of Endeavor Energy Resources.
Oil futures climbed and golden prices declined. The output connected nan 10-year Treasury statement was higher. The U.S. dollar was up versus nan euro, pound, and yen. Most awesome cryptocurrencies traded lower.