Midday movers: Apple, Chargepoint, C3ai and more
Investing.com | Author Liz Moyer
Published Sep 07, 2023 07:43AM ET
Updated Sep 07, 2023 01:07PM ET
Investing.com -- U.S. stocks were mixed on Thursday as investors continued to worry about the possibility of interest rates remaining higher for longer.
Here are some of the biggest U.S. stock movers today:
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Apple (NASDAQ:AAPL) stock fell 3.3% after a WSJ report that said China is expanding its ban on iPhones to state-owned firms and government agencies, potentially hitting future demand in this important market.
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GameStop (NYSE:GME) stock fell 0.6% after the troubled video games retailer exceeded estimates for quarterly revenue and posted a smaller-than-expected loss.
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ChargePoint (NYSE:CHPT) stock slumped over 13% after the owner of EV charging stations missed revenue expectations in its quarterly earnings report.
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C3.ai (NYSE:AI) stock fell 11% after the artificial intelligence start-up said its path to profitability will be delayed, fueling concern over its ability to take advantage of a surge in excitement over AI.
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McDonald’s (NYSE:MCD) stock rose 0.9% after Wells Fargo upgraded the fast food giant to ‘overweight’ from ‘equal weight’, saying the company is “firing on all cylinders.”
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Dell Technologies (NYSE:DELL) stock fell 2% after Barclays downgraded the tech company to 'underweight’ from ‘equal weight’, saying its AI presence will not be enough to ward off the macro troubles.
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Crocs (NASDAQ:CROX) stock fell 0.8% after B. Riley downgraded the iconic shoe retailer to ‘neutral’ from ‘buy’, citing concerns about excess footwear inventory in stores.
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