The major U.S. stock averages were higher in midday trading Tuesday, rebounding from Monday’s down session.
Ten out of 11 sectors of the S&P 500 were higher, with real-estate stocks the only down segment, as the benchmark 10-year Treasury yield was at 3.773% on Tuesday, down from 3.825% on Monday.
Tweet on the latest from the stock market
Zoom shares slid 9.2% premarket
BestBuy:shares jumped 7.4% premarket
Abercrombie & Fitch: shares rallied 14% in premarket
Medtronic: shares slid 4.2%
Dell: shares slipped 1.8% premarket
Urban Outfitters: shares up 2% premarket
Agilent: shares added 4% premarket pic.twitter.com/EGGtI1lnbQ
— The_Journalbiz (@the_journalbiz) November 22, 2022
FactSet chart on the trending stocks
Zoom Video Communications: The videoconferencing platform’s shares slid 9.2% premarket after it said its online business continued to decline in the latest quarter.
Best Buy: The electronics retailer reported quarterly results that beat expectations and raised its full-year outlook. Its shares jumped 7.4% premarket.
Abercrombie & Fitch: The retailer’s shares rallied 14% in premarket trading after it beat revenue projections and delivered a narrow adjusted profit against an expected loss. It also said the chairman of the board would retire.
Medtronic: The medical-technology and services company posted a 3% drop in sales for the recent quarter as a strong dollar wiped out sales gains. Its shares traded in New York were down 4.2% ahead of the bell.
Dell Technologies: The computer-equipment maker logged lower sales in the latest quarter but surpassed estimates as product revenue fell on changing consumer demand. Its shares slipped 1.8% premarket.
Urban Outfitters: The retailer beat Wall Street expectations for sales during the recent quarter, sending its shares up 2% premarket.
Agilent Technologies: The maker of laboratory instruments said it expects slightly higher revenue in its new fiscal year after reporting a double-digit increase in fourth-quarter sales. Its shares added 4% premarket.
Dollar Tree: The discount retailer’s shares slid 3.2% premarket after it said it expects its fiscal-year earnings per share to come in at the lower end of its previous guidance.
*Autodesk is among the companies reporting earnings Tuesday.