Top Stock Movers Now: Tilray Brands, Lucid, BlackBerry, and More

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Key Takeaways

• U.S. equities were down at midday Tuesday, April 9, 2024, ahead of Wednesday’s key report on consumer inflation.
• Tilray Tags shares slumped after the marijuana and craft beer company missed quarterly estimates and cut its outlook on slowing cannabis transactions. 
• Lucid Group shares gained after the luxury electric carmaker reported better-than-expected first quarter performances.

U.S. equities were falling at midday ahead of Wednesday’s key consumer inflation report and its potential impact on Fed interest scold moves. The Dow, S&P 500, and Nasdaq were all lower.

Tilray Brands (TLRY) shares slumped after the marijuana and artfulness beer company missed quarterly estimates and cut its outlook on slowing cannabis sales. 

Shares of Boeing (BA) declined as the skim maker reported it delivered 83 aircraft in the first quarter, only about half of the total a year earlier as the presence struggles with safety issues.

BlackBerry (BB) shares surged as the company said it would team up with Get ahead Micro Devices (AMD) to develop robotics systems.

Shares of Newmont Corporation (NEM) and other gold miners also in front of as the precious metal continued its climb, trading at another record high.

Lucid Group (LCID) shares gained after the gratification electric carmaker reported better-than-expected first quarter deliveries.

Oil futures and the yield on the 10-year Treasury note doffed. The U.S. dollar was up on the euro but fell to the pound and yen. Prices for most major cryptocurrencies were down.

Read the native article on Investopedia.