Midday stock movers: Amazon, Apple, Intel and more

Silin Chen
3 min read

In This Article:

The stock market is trading higher midday as Amazon's earnings boosted tech stocks.

The S&P 500 rose 0.44%, while the tech-heavy Nasdaq Composite climbed 0.73%. The Dow Jones Industrial Average gained 0.64%. The Russell 2000 Index added 0.42%.

S&P 500 big stock movers today

Five S&P 500 stocks making big midday moves are:

  • Waters  (WAT)  +16.9%

  • Charter Communications  (CHTR)  +12.7%

  • Lululemon Athletica  (LULU)  +7.9%

  • Intel (INTC)  +6.9%

  • Cardinal Health  (CAH)  +6.6%

The worst-performing five S&P 500 stocks with the largest midday drop are:

  • Super Micro Computer Inc  (SMCI)  -9.7%

  • AES (AES)  -8.9%

  • Erie Indemnity (ERIE)  -8.1%

  • Amcor (AMCR)  -8.1%

  • Entergy (ETR)  -5.6%

Stocks also worth noting include:

  • Amazon  (AMZN)  +6.19%

  • Apple  (AAPL)  -1.62%

  • Microsoft  (MSFT)  +1.42%

  • Nvidia  (NVDA)  +1.76%

  • Tesla  (TSLA)  -1.05%

For the December quarter Apple expects low-to-mid-single-digit-percent sales growth and similar momentum in its services division.<p>Getty</p>
For the December quarter Apple expects low-to-mid-single-digit-percent sales growth and similar momentum in its services division.

Getty

Intel surges after earnings beat

Intel shares jumped 6% following a stronger-than-expected earnings report and optimistic guidance.

The chipmaker posted adjusted earnings of 17 cents a share, beating expectations of a 2-cent loss. Revenue came in at $13.28 billion, down 6%, compared with the anticipated $13.02 billion.

Related: Can Intel be rescued? Analysts review embattled tech stock before earnings

Intel projected adjusted earnings of 12 cents per share for the fiscal fourth quarter, with revenue estimated between $13.3 billion and $14.3 billion. Analysts had anticipated adjusted earnings of 8 cents per share and revenue of around $13.66 billion.

CEO Pat Gelsinger highlighted Intel’s transformative restructuring efforts, which include cutting 16,500 jobs and reducing its real estate footprint, as part of a plan expected to be complete by late 2025.

Intel also plans to turn its foundry business into an independent subsidiary.

Apple falls after fiscal Q4 earnings

Apple dropped 1.5% despite an earnings beat.

For the quarter ending Sept. 28, Apple reported adjusted earnings of $1.64 per share, beating the $1.60 estimate, with revenue coming in at $94.93 billion, above the anticipated $94.58 billion.

Apple’s iPhone revenue hit $46.22 billion, up 6% year-over-year, while other segments like Mac, iPad, and Services trailed forecasts in the September quarter.

Related: Analysts revisit Apple stock price targets after earnings, iPhone 16 outlook

For the December quarter, Apple expects low-to-mid-single-digit-percent sales growth and similar momentum in its Services division.

Apple Intelligence for iPhones and Macs started to roll out this week as part of the iOS 18.1 update.

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