NVIDIA saw a 3.3% increase after entering correction territory due to a recent peak drop of 10%. Trump’s media and technology group rose 5.7% following a 21% increase since the merger with Digital World Acquisition Corp. Airbus fell 11% after revising its delivery and profit forecasts, leading to a decrease in Boeing’s actions by 1.7%. SolarEdge Technologies fell 15% after announcing a planned offering of convertible senior notes and a client filing for bankruptcy.
Carnival saw a 4.6% increase after posting a profit in the second fiscal quarter and Norwegian Cruise Line Holdings and Royal Caribbean rose 4.5% and 3.3% respectively. Swimming pool corporation fell 7.9% due to weak demand in new pool construction. Gap rose 3.1% after an analyst upgrade and FedEx fell 0.4% ahead of its fourth-quarter earnings report.
Overall, the market experienced various shifts with companies like NVIDIA and Trump’s media and technology group seeing increases while Airbus and SolarEdge Technologies dealt with decreases. Cruise operators like Carnival, Norwegian Cruise Line Holdings, and Royal Caribbean saw positive movement. Challenges were faced by companies like Swimming pool corporation due to weak demand, while Gap saw potential for growth following an analyst upgrade. FedEx awaited its earnings report that could impact its action in the market.
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https://www.barrons.com/amp/articles/stock-market-movers-9926ff7d