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Apr 10, 2023 thejournalbiz

Stocks were lower in midday trading as investors brace for another possible increase in interest rates following Friday’s payrolls report.

The S&P 500 was down 0.6% around noon ET.

Tweet on trending stocks

Marketwatch:
Pioneer Natural Resources: stock rose 6.7% premarket

Micron Technology: The chip maker's stock jumped 4.4% premarket,

First Republic Bank: Shares fell 1.9% premarket.

Tupperware Brands: Shares slid 8%#trending #stocks pic.twitter.com/hssWMeUUxI

— The_Journalbiz (@the_journalbiz) April 10, 2023

Factset chart on stock market

The Dow Jones Industrial Average shed 0.2%, the Nasdaq Composite slid 1%.

While the trending stocks today are:

Pioneer Natural Resources: The fracking giant’s stock rose 6.7% premarket after The Wall Street Journal reported that Exxon Mobil was thinking of acquiring the company.

Micron Technology: The chip maker’s stock jumped 4.4% premarket after its competitor Samsung said last week that it would cut production.

First Republic Bank: The bank, plagued by concerns that its depositors were fleeing, said late Friday that it will suspend payments of quarterly cash dividends on its preferred stock. Shares fell 1.9% premarket.

Tupperware Brands: Shares slid 8% before the bell after the food-storage container company said late Friday it had “substantial doubt about its ability to continue as a going concern.”