Top Stock Movers Now: Invesco, Talen Energy, Norfolk Southern, and More
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Norfolk Southern shares gained for a second-straight session on reports it could be purchased by Union PacificKey Takeaways
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Major U.S. equities indexes were little changed to lower at midday Friday as investors digested the latest corporate earnings news.
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Shares of several health insurers including Elevance Health and Molina Healthcare fell, extending Thursday's losses after Elevance lowered its outlook, citing higher-than-anticipated Medicaid and Affordable Care Act costs.
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Shares of Invesco surged after the investment manager said it's looking to change the structure of its popular Invesco QQQ Trust exchange-traded fund, in a move that could make it more profitable for Invesco.
Major U.S. equities indexes were little changed to lower at midday Friday as investors digested the latest corporate earnings news.
Shares of insurers including Elevance Health (ELV), Molina Healthcare (MOH), and Centene (CNC) fell, extending Thursday's losses after Elevance lowered its outlook, citing higher-than-anticipated Medicaid and Affordable Care Act costs.
Sarepta Therapeutics (SRPT) shares sank after a third patient taking its experimental muscular dystrophy treatment died.
Shares of Invesco (IVZ) rose, leading S&P 500 gainers after the investment manager said it's looking to change the structure of its popular Invesco QQQ Trust (QQQ) exchange-traded fund, in a move that could make it more profitable for Invesco.
Norfolk Southern (NSC) shares gained for a second-straight session on reports it could be purchased by Union Pacific (UNP). Union Pacific shares slid.
Shares of Charles Schwab (SCHW) rose after the broker and investment firm beat earnings and revenue estimates on higher trading fees and net interest income.
Talen Energy (TLN) shares traded at a record high after the energy provider paid $3.5 billion to acquire two natural gas-powered plants in a move to take advantage of electricity demand for artificial intelligence data centers.
Oil futures and gold prices advanced. The yield on the 10-year Treasury note dropped. The U.S. dollar lost ground to the euro, pound, and yen. Most major cryptocurrencies traded higher.
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