Midday Movers: Marathon Oil, Boeing, Costco Wholesale and More

2022.09.23 13:51

[ad_1]

U.S. stocks tumbled into a bear market for the Dow on Friday on worries about a global recession. Here are the midday movers for Sept. 23:

• Oil company stocks plunged as prices for both benchmark commodities, and , fell 6% and 5%, respectively. APA Corporation (NASDAQ:) shares fell 12%, Marathon Oil Corporation (NYSE:) shares were down 11% and Halliburton Company (NYSE:) fell 10.4%.
• Boeing Co (NYSE:) stock fell 6% a day after it announced a $200 million settlement with the Securities and Exchange Commission related to the 737 MAX.
• Costco Wholesale Corp (NASDAQ:) shares fell 3.6% after it beat expectations but said margins were being pinched by higher freight and labor costs. 
• Fubotv Inc (NYSE:) shares rose 3.6% after Wedbush upgraded it to outperform from neutral, calling the current stock price an attractive entry point for the connected streaming service.
• YETI Holdings Inc (NYSE:) stock fell 5.8% after the maker of coolers and reusable drink containers said its CFO would depart next month.

[ad_2]

Source link

Midday Movers: Marathon Oil, Boeing, Costco Wholesale and More