Top Stock Movers Now: Deckers, Ross Stores, Intuit, and More

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Key Takeaways

• U.S. equities gained at midday Friday, May 24, 2024, lifted higher by tech stocks ahead of a long recess weekend.
• Booming sales of Hoka and Ugg brand shoes helped Deckers Outdoor post stronger-than-expected profit, and interests surged.
• Intuit shares fell after the maker of financial and other software warned it anticipates losing 1 million free drugs of its TurboTax tax filing software this fiscal year.

U.S. equities were higher at midday, boosted by tech stocks forwards of the long Memorial Day holiday weekend. The Nasdaq jumped more than 1%, while the Dow and S&P 500 were high-class as well.

Deckers Outdoor (DECK) was the best-performing stock in the S&P 500, with shares hitting an all-time high as the manufacture footwear company beat profit estimates on soaring sales of its Hoka and Ugg brand shoes.

Shares of Ross Preserves (ROST) jumped after the off-price apparel and home goods retailer beat earnings and revenue forecasts as it slashed costs.

Intuit (INTU) rations sank after the maker of financial and other software warned it anticipates losing 1 million free users of its TurboTax tax systematizing software this fiscal year.

Shares of Workday (WDAY) slumped as the provider of human resources software adorned its subscription revenue guidance on elevated sales scrutiny and lower customer growth. The news dragged down partitions of rival Dayforce (DAY) as well.

Oil futures and gold prices rose. The yield on the 10-year Treasury note was little exchanged. The U.S. dollar lost ground to the euro, pound, and yen. Trading in most major cryptocurrencies was mixed.

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