Stock Market News
Midday Movers: Boeing, MicroStrategy, Moderna and More
2022.06.15 20:06
By Liz Moyer
Investing.com — U.S. stocks rose on Wednesday ahead of the Federal Reserve’s decision on interest rates. Here are the midday movers for June 15:
- Boeing Co (NYSE:BA) shares rose 8% on a report that China Southern Airlines was testing flights with the plane maker’s 737 MAX.
- MicroStrategy Incorporated (NASDAQ:MSTR) stock rose 8.6% after the software services company, which happens to be a big investor in Bitcoin, assured investors that it had plenty of collateral to meet any margin requirements it could face regarding that stake. Bitcoin’s price fell 7%, to around $21,953.
- Moderna Inc (NASDAQ:MRNA) shares rose 7.5% after an advisory panel to the Food and Drug Administration recommended its Covid-19 vaccine for children aged 6 to 17.
- Goldman Sachs Group Inc (NYSE:GS) shares rose 2.6% to lead the banking sector higher as the prospect of rising rates is seen benefitting bank lending profits.
- Nucor Corp (NYSE:NUE) shares rose 2.5% after an upbeat forecast for profit based on strong demand for steel.
- Zendesk Inc (NYSE:ZEN) shares rose 4% after it said it was negotiating with activist investor Jana Partners after failing to find a buyer.
