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Midday Stock Movers: Boeing, Chevron, AMD Down; Campbell Soup Among Few Gainers

Stock Markets May 09, 2022 12:48PM ET
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© Reuters.

By Daniel Shvartsman

Investing.com -- On another big sell-off Monday, there's no shortage of stock movers. Here are some of the more notable names, including the rare gainers today. Prices as of 12:45 pm ET:

  • Boeing (NYSE:BA) is the top loser in the Dow Jones Industrial Average, down 7.2%, among a bevy of travel-related names trading lower, including Airbnb Inc (NASDAQ:ABNB) (-8.9%), Booking Holdings (NASDAQ:BKNG) (-6.5%), Royal Caribbean (NYSE:RCL) (-8%), Norwegian Cruise Line (NYSE:NCLH) (-8%), and American Airlines (NASDAQ:AAL) (-5.5%).
  • Chevron (NYSE:CVX) leads energy names lower, down 5%, along with Marathon Oil (NYSE:MRO) (-10.5%), APA Corp (NASDAQ:APA) (-9%), Coterra Energy Inc (NYSE:CTRA) (-8.7%), and Devon Energy (NYSE:DVN) (-9%). This comes as China's covid lockdowns weigh on oil demand, dropping crude oil prices over 5%.
  • Semiconductor names are also feeling the selling pain. Advanced Micro Devices Inc (NASDAQ:AMD) is down 7.3%, while Nvidia (NASDAQ:NVDA) is trading down 6.8% and Lam Research (NASDAQ:LRCX) is down 6.1%. The iShares Semiconductor ETF (NASDAQ:SOXX) is down 4% on the day.
  • E-commerce and Software as a Service names continue to face post-pandemic selling momentum - MercadoLibre (NASDAQ:MELI) is down 13.3%, while Okta (NASDAQ:OKTA) is down 9.8%, Crowdstrike Holdings Inc (NASDAQ:CRWD) -9.3%, and Atlassian (NASDAQ:TEAM) -8.2%.
  • Winners? Consumer staples are catching a bid, with JM Smucker (NYSE:SJM) +2.8%, Church & Dwight (NYSE:CHD) +3.2%, and Campbell Soup (NYSE:CPB) +3.4%. The Consumer Staples Select Sector SPDR® Fund (NYSE:XLP) is up 0.1% on the day.

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Midday Stock Movers: Boeing, Chevron, AMD Down; Campbell Soup Among Few Gainers
 

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