Top Stock Movers Today: Morgan Stanley, KLA, UnitedHealth Group, Target, and More
Explore the latest stock market shifts as Morgan Stanley leads gains with strong earnings, while UnitedHealth Group and Target face challenges. Stay updated on key market trends and sector performances.
Bill McColl brings over 25 years of expertise as a senior producer and writer across TV, radio, and digital platforms, guiding teams of anchors, reporters, and editors to deliver impactful news coverage on major events.
Key Highlights
- U.S. major indexes held steady midday Thursday following Wednesday’s surge driven by robust bank earnings and a softer inflation report.
- Morgan Stanley’s shares rose after surpassing earnings and revenue expectations.
- UnitedHealth Group experienced a decline amid weak premium revenues and increased medical costs.
After a strong rally fueled by impressive bank earnings and a favorable inflation report, U.S. major indexes showed little movement by midday Thursday.
Morgan Stanley (MS) shares climbed as the financial giant reported earnings and revenue that beat analyst forecasts, bolstered by a surge in equities trading and increased investor interest in IPOs underwritten by the firm.
Semiconductor stocks like KLA (KLAC) also advanced following TSMC’s strong performance, attributed to rising demand for AI chips.
Shares of Symbotic (SYM), an AI-driven robotics firm, surged after expanding its collaboration with retail giant Walmart (WMT).
Conversely, UnitedHealth Group (UNH) shares declined due to disappointing premium revenue and higher insurance payouts.
Target (TGT) shares dropped despite better-than-expected holiday sales, as the retailer maintained its profit forecast.
Southwest Airlines (LUV) shares fell after Citi downgraded the stock, citing concerns about valuation and earnings prospects.
In commodities, oil futures declined while gold prices rose. The 10-year Treasury yield continued its downward trend. The U.S. dollar strengthened against the pound and euro but weakened versus the yen during midday trading. Most major cryptocurrencies saw gains.
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