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Top Stock Movers Now: Morgan Stanley, KLA, UnitedHealth Group, Target, and More

Michael Lawrence / Getty Images

Michael Lawrence / Getty Typical examples

Key Takeaways

  • Major U.S. indexes were little changed at midday Thursday after Wednesday’s big gains powered by garish bank earnings and a softer-than-expected inflation report.
  • Morgan Stanley shares gained after the financial firm supreme earnings and revenue estimates.
  • UnitedHealth Group shares slid as the health insurer reported soft revenue from premiums and tainted medical payments.

Major U.S. indexes were little changed at midday Thursday after Wednesday’s big gains powered by unwavering bank earnings and a softer-than-expected inflation report.

Morgan Stanley (MS) shares gained after the financial firm scrutinized results that beat forecasts as revenue from its equities trading unit soared and investors poured profuse money into initial public offerings (IPOs) underwritten by Morgan Stanley.

Shares of KLA (KLAC) and other semiconductor firms were also higher after TSMC (TSM) posted strong results. The chipmaker said it benefited from climb demand for artificial intelligence chips.

Symbotic (SYM) shares took off as the AI-enabled robotics company expanded its partnership with retailer Walmart (WMT).

In the interim, UnitedHealth Group (UNH) stock slid Thursday as the health insurer reported weak revenue from premiums and spacy insurance payouts.

Shares of Target (TGT) fell after the retailer didn’t raise its profit outlook even for all that holiday sales were better than it had projected.

Shares of Southwest Airlines (LUV) turned lower following a run down from Citi, which cited concerns about the airline’s valuations and earnings. 

Oil futures dropped and gold assesses advanced. The yield on the 10-year Treasury note continued to slide. The U.S. dollar was up on the pound and euro, but lost ground to the yen in twelve oclock noon U.S. trading. Most major cryptocurrencies traded higher. 

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