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U.S. stocks were lower as of noon in New York on Wednesday, under pressure from communications stocks.
The S&P 500 shed 0.9% and the Dow industrials lost 0.5%
Tweet on trending stocks
Stocks trend
Microsoft: shares rose 1.6% premarket
Chipotle: Shares fell nearly 5% off hours.
Prudential Financial: stock fell 2.7%
Bed Bath & Beyond: stock gained 2.3% premarket.
Uber: stock gained 8.1%
Oak Street Health's shares rose 3.2%#Trending #stocks pic.twitter.com/GdrSTE2Cjb— The_Journalbiz (@the_journalbiz) February 8, 2023
Factset chart on trending stocks
The Nasdaq Composite fell 1.4%, while trending stocks today are:
Microsoft: The software company is integrating the technology behind the viral chatbot ChatGPT into its Bing search engine. Microsoft shares rose 1.6% premarket, building on Tuesday’s 4.2% rally.
Chipotle Mexican Grill: The fast-food chain said higher labor-related costs cut into profit, while sales were depressed during the holidays. Shares fell nearly 5% off hours.
Prudential Financial: The insurer swung to a quarterly loss and said assets under management at its global investment-management unit shrank 21%. Prudential stock fell 2.7% ahead of the opening bell.
Bed Bath & Beyond: Shares remained actively traded as the troubled retailer landed a rescue financing deal with Hudson Bay Capital Management. After almost halving in regular trading Tuesday, Bed Bath & Beyond stock gained 2.3% premarket.
Uber: The ride-hailing company reported higher revenue and adjusted profit. Uber stock gained 7.7% ahead of the opening bell.
CVS Health: CVS stock advanced 1.7% premarket after it struck a $10.6 billion deal to buy Oak Street Health and reported results. Oak Street Health’s shares rose 3.2%, building on recent gains.
*Robinhood and Walt Disney: The companies are among those scheduled to report results later Wednesday.
