Investing.com | Author Liz Moyer
Published Feb 17, 2023 12:54PM ET
Updated Feb 17, 2023 01:07PM ET
By Liz Moyer
Investing.com -- Stocks were falling on Friday after Fed officials indicated support for further interest rate increases to tame inflation. Here are the midday movers for Feb. 17.
DraftKings Inc (NASDAQ:DKNG) shares rose 14.7% after the gambling company reported a surge in quarterly revenue to $855 million from $473M a year earlier. Revenue is getting a boost as more states legalize mobile and online sports betting.
Moderna Inc (NASDAQ:MRNA) shares dipped 4.4% after mixed results from a test of its experimental flu vaccine based on messenger RNA technology. The test didn't prove its vaccine was at least as effective as already approved vaccines.
Written By: Investing.com
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