Midday Movers: Twitter, Schlumberger, Amazon.com and More

By Liz Moyer

Investing.com — Stocks gave back their early October gains as bond yields rose. Here are the market movers for Oct. 5

• Twitter Inc (NYSE:) shares cooled off on Wednesday, down 0.6% after jumping 22% the previous day, when Elon Musk said he would buy the social media site at his previously proposed price. Tesla Inc (NASDAQ:) shares are down 4%.

• Schlumberger NV (NYSE:) shares are up 6% as are other oil stocks. The oilfield services company stands to benefit from rising oil prices now that OPEC and its allies are cutting production 2 million barrels a day.

• Amazon.com Inc (NASDAQ:) shares are down 0.8% after the e-commerce company halted hiring for retail jobs in its corporate office. Amazon will hold its second Prime Day sale of the year later this month.

• Lumen Technologies Inc (NYSE:) shares fell 11% after Wells Fargo downgraded it to equal weight from overweight, raising questions about the sustainability of its $1 billion annual dividend.

• Helen of Troy Ltd (NASDAQ:) shares reversed earlier losses and are now up 4% even though the maker of Hydro flasks cut its full-year forecast, saying consumer spending habits were shifting because of inflation.

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