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Midday movers: Snowflake, Salesforce, and more

Published Nov 30, 2023 07:57AM ET Updated Nov 30, 2023 12:15PM ET
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(Updated - November 30, 2023 12:12 PM EST)

Investing.com -- Main U.S. indexes were mixed on Thursday after inflation and jobs data didn’t change investors' opinion on the timing of Fed rate cuts. The Dow Jones Industrial Average climbed 0.8%, with gains led by Salesforce (NYSE:CRM). Nasdaq slumped 0.7%, and the S&P 500 was down 0.1%.

Here are some of the biggest U.S. stock movers today:

Snowflake (NYSE:SNOW) stock rose 5% after the data warehousing company impressed with its third-quarter results, while its guidance pointed to the cloud slowdown coming to an end.

Salesforce (CRM) stock rose 7% after the cloud software provider raised its annual guidance and posted better-than-anticipated third-quarter earnings.

Big Lots (NYSE:BIG) stock rose 7.3% after the discount retail chain posted a narrower-than-expected third-quarter adjusted loss.

Pure Storage (NYSE:PSTG) stock fell 13% after the data storage provider offered up disappointing guidance for its current quarter and 2024, even as third-quarter earnings were above expectations.

Ford (NYSE:F) stock declined 2.6% after the auto giant cut its full-year earnings forecast, saying the U.S. auto workers' strike has led to a $1.7 billion hit to its profit and lost production of thousands of vehicles.

Microsoft (NASDAQ:MSFT) stock declined 0.6% with the tech giant set to take a spot in OpenAI’s board of directors, according to returning CEO Sam Altman, as the artificial intelligence firm stabilizes after a major upheaval in its leadership earlier in November.

Pinterest (NYSE:PINS) stock rose 1.5% and Snap (SNAP) stock rose 6.5% after Jefferies upgraded the social media firms to ‘buy’ from ‘hold’, expressing confidence in advertising pricing tailwinds.

Tesla (NASDAQ:TSLA) stock declined 1.6% with the EV manufacturer set to start deliveries of its long-delayed Cybertruck electric pickup.

ImmunoGen (NASDAQ:IMGN) stock soared 82% after AbbVie (NYSE:ABBV) announced plans to acquire the biotech in a deal valued at just over $10 billion.

Kroger (NYSE:KR) climbed 2.8% after third quarter earnings per share topped consensus. Results were helped by strong fuel performance.

Coupang (CPNG) stock declined 6% after Softbank (OTC:SFTBY), its largest shareholder, offered a block of 30 million shares.


Additional reporting by Louis Juricic

Midday movers: Snowflake, Salesforce, and more
 

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Comments (1)
Mitchel Pioneer
Mitchel Pioneer Nov 30, 2023 8:15AM ET
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The criminal magic show continues in the US Ponzi Scheme, as the fraud approaches record levels once again.  Retirement plans averaged up to catastrophic levels, as Wall Street financially defiles America in broad daylight.  Only market on the planet than can fall for only a single day, yet "rally" for weeks on end.  BIGGEST INVESTEMENT JOKE IN THE WORLD.
 
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