(Updated - January 26, 2024 11:42 AM EST)
Investing.com --Main U.S. indexes were mixed Friday as investors digested more quarterly earnings reports and data that showed moderate inflation.
Here are some of the biggest U.S. stock movers today:
Intel (NASDAQ:INTC) stock fell 11% after the chipmaker offered up a bleak first-quarter revenue outlook as it struggles to navigate uncertain demand in traditional computing markets and attempts to play catch up in the AI race.
Visa (NYSE:V) stock fell 1.6% after the credit card giant provided a tepid forecast for current-quarter revenue growth, eclipsing a market-beating earnings report.
American Express (NYSE:AXP) stock rose 7.2% after the credit card giant beat full-year profit expectations, even as it raised its loan loss provisions, bracing for a jump in potential loan defaults.
Tesla (NASDAQ:TSLA) stock rose 1.1%, bouncing after the previous session’s sharp drop, yet the electric vehicle maker is recalling nearly 200,000 Model S, X, and Y vehicles in the U.S. due to a software malfunction that could obstruct drivers' visibility while reversing.
Colgate-Palmolive (NYSE:CL) stock rose 2.3% after the consumer goods company’s fourth-quarter profit beat expectations. “"We leveraged our strong margin performance to invest behind building our brands,” said CEO Noel Wallace.
KLA Corporation (KLAC) stock fell 6% after the chipmaking tools maker posted light revenue and earning per share guidance for its fiscal third quarter.
Western Digital (NASDAQ:WDC) stock fell 3.4% after the data-storage products maker posted a wider-than-expected quarterly adjusted loss, due to the impact of structural changes the company implemented in its flash and HDD businesses.
T-Mobile US (NASDAQ:TMUS) stock rose 1% after the wireless carrier missed its profit target for the fourth quarter, even as it forecast monthly bill-paying phone subscriber growth for the year above estimates, banking on its wide 5G coverage and promotional offers to draw in consumers.
Coinbase Global Inc. (NASDAQ:COIN) stock rose 3% after its rating was raised to ‘outperform’ from ‘perform’ at Oppenheimer on improving risk-reward. It also benefited from gains in Bitcoin.
AppFolio (NASDAQ:APPF) stock rose 27% after the application software company reported fourth quarter results that easily beat consensus estimates.
Olin Corp . (NYSE:OLN) stock rose 7% after results from the chemical products company beat expectations despite the challenging economic environment.
Spirit Airlines (NYSE:SAVE) stock tumbled 12% after JetBlue Airways (NASDAQ:JBLU) said in a filing their merger agreement "may be terminable."
Danaher (NYSE:DHR) stock rose 5.5% and Thermo Fisher Scientific (NYSE:TMO) rose 3.1% as laboratory tool stocks climbed following strong results from peer Sartorius AG.
Is it time to buy the dip on Intel, or jump on the bandwagon and sell? Find out with InvestingPro. For an extra 10% discount, use Coupon: Canada2024.
Don’t miss the New Year’s sale, for up to 60% off. Only until Jan 31.