economy
Stocks making the biggest moves midday: Meta Platforms, Delta Air Lines, Carnival, LyondellBasell & more
Here are the companies making headlines in midday trading.
TL;DR
- Meta Platforms' stock rose over 9% after announcing its new AI model, Muse Spark.
- Kimberly-Clark shares rebounded 3% following a fire at a warehouse storing its products.
- Housing market stocks like Zillow Group and Rocket Companies advanced as Treasury yields decreased.
- Chemical and energy stocks, including LyondellBasell and Exxon Mobil, dropped significantly due to a U.S.-Iran ceasefire.
- Travel stocks, such as Carnival and United Airlines, surged on falling oil prices.
- Levi Strauss surged 13% after reporting better-than-expected first-quarter earnings and raising full-year guidance.
- RPM International jumped over 13% following an earnings and revenue beat in its fiscal third quarter.
- Newmont climbed 3% amid a rise in gold prices, influenced by falling oil prices and the U.S.-Iran ceasefire.
- Memory stocks, including Micron and Sandisk, experienced significant gains.
- Freeport-McMoRan rose over 7% as metals broadly increased.
- Super Micro Computer shares increased 4% following news of an internal investigation regarding employee indictments.