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Lyft, Under Armour, Match Group and More
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Lyft, Under Armour, Match Group and More

Key Takeaways

  • Major US indices rose at noon on Thursday, continuing their post-election rally ahead of the Fed’s interest rate decision.
  • Shares of Under Armor rose after the athletic apparel maker beat profit and sales forecasts and raised its outlook.
  • Wolfspeed’s shares fell after the chipmaker’s sales and guidance missed forecasts and said it would cut its workforce by 20%

Major US indices rose at noon on Thursday, continuing their post-election rise ahead of the Fed’s decision. decision on interest rates. The S&P 500, Nasdaq and Dow rose.

Shares of Under Armour (United Arab Emirates) rose after the athletic apparel maker beat profit and sales forecasts and upgraded its outlook, saying its turnaround plan was working.

Lyft (LYFT) shares also rose a day after the ride-hailing company reported better results than expected and raised his guess.

Warner Bros. Discovery (WBD) shares rose after the media giant posted a profit and reported adding 7.2 million subscribers for its Max streaming service.

Match Group (MTCH) was the worst-performing stock in the S&P 500, according to the dating app company weaker than expected outlook and warned that revenue from the Tinder app was lower than expected.

Shares of Wolfspeed (KURD) collapsed after the chipmaker’s sales and guidance missed forecasts and announced it would do so. reduced workforce by 20% in restructuring its business.

Corteva (CTVA) shares fell after the agrochemical company reported a larger-than-expected loss and lowered its outlook.

Oil futures rose, the price of gold rose and the yield on the 10-year Treasury note fell. The US dollar lost value against the euro, pound and yen. Most major cryptocurrencies traded higher.

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