By Liz Moyer
Investing.com -- Stocks gave back their early October gains as bond yields rose. Here are the market movers for Oct. 5
Twitter Inc (NYSE:TWTR) 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:TSLA) shares are down 4%.
Schlumberger NV (NYSE:SLB) 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.
Amazon.com Inc (NASDAQ:AMZN) 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.
Lumen Technologies Inc (NYSE:LUMN) shares fell 11% after Wells Fargo downgraded it to equal weight from overweight, raising questions about the sustainability of its $1 billion annual dividend.
Helen of Troy Ltd (NASDAQ:HELE) 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.