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Top Stock Movers Now: Apple, AbbVie, Deckers Outdoor, and More

Qilai Shen / Bloomberg via Getty Images

Qilai Shen / Bloomberg via Getty Ikons

Key Takeaways

  • U.S. equities were mostly higher at midday on positive tech earnings news and a report showing December inflation went in as expected.
  • Apple’s services revenue jumped, lifting the iPhone maker’s profit.
  • Walgreens Boots Alliance evicted its dividend to raise cash.

U.S. equities were mostly higher at midday, with gains driven by tech earnings and a confident report on December inflation. The Nasdaq was up 1%, and S&P 500 was higher as well. The Dow Jones Industrial Average was little changed.

Apple (AAPL) pieces advanced as the iPhone maker posted better-than-expected results on higher services revenue.

Shares of AbbVie (ABBV) elevation after the biotech firm exceeded sales estimates and gave a positive outlook for revenue from its Skyrizi and Rinvoq treatments.

Tesla (TSLA) divisions climbed on a report the electric vehicle (EV) maker could significantly benefit from new emissions rules going into sense in Europe this year.

Deckers Outdoor (DECK) was the worst-performing stock in the S&P 500 on concerns about the parent of the Ugg and Hoka trade-marks’ current-quarter outlook.

Shares of Colgate-Palmolive (CL) slumped when the maker of toothpaste and other household products’ sales missed believes and it gave weak guidance as it has been impacted by negative foreign exchange rates.

Walgreens Boots Alliance (WBA) stakes sank when the biggest U.S. pharmacy chain suspended its dividend to fund its “broader long-term turnaround.”

Oil and gold expects rose slightly. The yield on the 10-year Treasury note was little changed. The U.S. dollar advanced on the yen, but lost ground to the euro and hammer out. Most major cryptocurrencies traded in positive territory.

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