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Indebta > Markets > Stocks > Midday movers: American Express, AutoNation, Scholastic, and more
Stocks

Midday movers: American Express, AutoNation, Scholastic, and more

News Room
Last updated: 2023/07/23 at 3:35 AM
By News Room
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© Reuters.

Investing.com — U.S. stocks were rising on Friday, with sentiment boosted by a largely positive start to the quarterly earnings season, sending the Dow on its way to a 10th-straight day of gains.

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

  • American Express (NYSE:) stock fell 3.2% after the credit card giant lifted its total provisions for credit losses to $1.2 billion in the second quarter, compared with $410 million a year earlier. It still estimates for second quarter profit as its affluent customer base continued to spend.

  • AutoNation (NYSE:) stock fell 9% after the auto retailer posted a sharp drop in used-vehicle sales as well as a rise in expenses, overshadowing better-than-expected quarterly .

  • CSX (NASDAQ:) stock fell 3.5% after the U.S. railroad operator disappointed with its second quarter , hit by a decline in intermodal volumes and lower fuel prices.

  • PPG Industries (NYSE:) stock was flat after the paints manufacturer recorded a drop in overall sales volumes in the , even as it raised its full-year profit forecast.

  • Scholastic (NASDAQ:) stock rose 11% after the children’s publishing and media company earnings expectations and announced it would increase its share repurchase amount by $100M.

  • Intuitive Surgical (NASDAQ:) stock fell 3% on a continued decline in growth rates for bariatric surgery in the U.S., even as the medical equipment manufacturer reported positive second quarter .

  • Carvana (NYSE:) stock fell 2.9% after Piper Sandler downgraded its stance on the used-car retailer to ‘neutral’ from ‘overweight’, saying it has little room for upside.

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News Room July 23, 2023 July 23, 2023
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