{"id":1875313,"date":"2021-09-20T16:09:42","date_gmt":"2021-09-20T20:09:42","guid":{"rendered":"http:\/\/106944298"},"modified":"2021-09-20T16:09:42","modified_gmt":"2021-09-20T20:09:42","slug":"stocks-making-the-biggest-moves-midday-american-airlines-nucor-goldman-sachs-and-more","status":"publish","type":"station","link":"https:\/\/platoaistream.net\/plato-data\/stocks-making-the-biggest-moves-midday-american-airlines-nucor-goldman-sachs-and-more\/","title":{"rendered":"Stocks making the biggest moves midday: American Airlines, Nucor, Goldman Sachs and more"},"content":{"rendered":"\n
<\/span><\/p>\n Bundles of steel from Nucor Corp. sit for sale to at Thompson Building Materials in Lomita, California, U.S., on Thursday, Aug. 30, 2012.<\/p>\n Patrick Fallon | Bloomberg | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n Check out the companies making headlines in midday trading.<\/em><\/p>\n American Airlines<\/a>, United Airlines<\/a>, Delta Air Lines<\/a> \u2014 Shares of American Airlines the major airlines rose about 3% Monday after the White House said it would ease travel restrictions for international travelers<\/a> who are vaccinated against Covid-19. Shares of Delta and United each gained more than 1%.<\/p>\n China Evergrande Group<\/a> <\/strong>\u2014 Shares of the embattled Chinese property giant dropped 10% on the Hong Kong Stock Exchange. The company has been scrambling to pay its suppliers<\/a>, and warned investors that it could default on its debts. Last week, the company said its property sales will likely continue to drop significantly in September several months of weakness.<\/p>\n Centerpoint Energy<\/a>, Dominion Energy<\/a> \u2014 Utility stocks rose on Monday as investors shifted toward defensive plays during the broader market slide. Shares of Centerpoint rose 1.2% and Dominion’s stock ticked up 0.7%.<\/p>\n Nucor,<\/a> Freeport-McMoRan<\/a>, Ford<\/a>, Caterpillar<\/a> \u2014 Stocks linked to global growth declined Monday. Steel stock Nucor declined 7.6%, miner Freeport-McMoRan fell 5.7%, auto maker Ford dropped 5.4% and construction equipment manufacturer Caterpillar retreated 4.5%.<\/p>\n APA<\/a>, Devon Energy<\/a> \u2014 Energy stocks tumbled amid a drop in oil pries on concerns about the global economy. The S&P 500 energy sector fell 3.3%, becoming the worst-performing group among the 11 groups during Monday’s market sell-off. APA shed 6.1%, Devon Energy and Occidental Petroleum<\/a> each dropped 5.4% and Hess<\/a> slid 5.2%.<\/p>\n Goldman Sachs<\/a>, Bank of America<\/a>, JPMorgan Chase<\/a> \u2014 Financials stocks declined as the U.S. 10-year Treasury yield dropped, with falling rates typically crimping bank profits. Goldman Sachs, Bank of America, Citigroup, JPMorgan Chase and Morgan Stanley all delined by around 3% or more.<\/p>\n ARK Innovation<\/a>, Coinbase<\/a>, Tesla,<\/a> Zoom<\/a>, Square<\/a> \u2014 Shares of Cathie Wood’s flagship fund dropped 4.4% as innovation names experienced harsh selling. Coinbase lost 3.5%, Teladoc fell 5.3%, Unity Software shed 6.7%, Tesla dropped 3.9%, Square dipped 2.2% and Zoom Video moved 2.4% lower.<\/p>\n Pfizer<\/a> \u2014 The drug maker stock ticked 0.7% higher after the company said its Covid vaccine is safe and appears to generate a robust immune response in kids<\/a> ages 5 to 11. If the FDA spends as much time reviewing the data for that age group as it did for 12- to 15-year-olds, the shots could be available in time for Halloween.<\/p>\n AstraZeneca<\/a> \u2014 Shares of the United Kingdom-based pharmaceutical company popped 5.3% in midday trading after announcing that its breast cancer drug Enhertu<\/a> showed positive results in a phase-three trial.<\/p>\n Invesco<\/a> \u2014 Invesco shares declined 8.7% Monday. The stock ran up on Friday following a Wall Street Journal report that the asset manager is in talks to merge<\/a> with State Street<\/a>‘s asset management unit. The report, citing people familiar with the matter, said a deal is not imminent and might not happen at all.<\/p>\n \u2014 CNBC’s Maggie Fitzgerald, Yun Li and Jesse Pound contributed reporting<\/em><\/p>\n Become a smarter investor with CNBC Pro<\/strong>.
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