Midday Movers: Goldman Sachs, Delta Air Lines, Coinbase and More
2022.07.18 20:26
By Liz Moyer
Investing.com — U.S. stocks jumped on Monday as another week of earnings kicked off with banks. Here are the midday movers for July 18:
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Goldman Sachs Group Inc (NYSE:GS) stock rose 2% after bond trading helped it beat expectations for the quarter despite a slump in revenue from investment banking activity.
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Delta Air Lines Inc (NYSE:DAL) shares rose 5.4% after the carrier ordered 100 737 Max 10 planes from Boeing Co (NYSE:BA), its biggest new order from Boeing in 10 years. Boeing shares rose 1.4%.
- Coinbase Global Inc (NASDAQ:COIN) shares jumped 16.6% as the crypto exchange benefited from a rebound in Bitcoin to above $22,000 a coin, its highest in a month. Other crypto related stocks also bounced. MicroStrategy Incorporated (NASDAQ:MSTR) rose 12%, while Riot Blockchain Inc (NASDAQ:RIOT) rose 21%.
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General Electric Company (NYSE:GE) shares rose 2% as it prepared to split itself in three, announcing the names of the three units: GE HealthCare, GE Aerospace and GE Vernova, which will be its power and renewables business.
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Alphabet (NASDAQ:GOOGL)shares dipped 0.2% after a 20-for-1 stock split took effect today for the Google parent. The shares traded around $112.75 each, after closing last week around $2,255.
