Midday movers: Meta Platforms, Chipotle Mexican Grill, Southwest Airlines and more
Investing.com -- U.S. stocks were rising on Thursday, boosted by strong advertising revenue growth by tech giant Meta Platforms, while investors digest the outcome from the latest Federal Reserve policy meeting.
Here are some of the biggest U.S. stock movers today:
Meta Platforms (NASDAQ:META) stock rose 6.7% after the Facebook parent posted double-digit revenue growth in the second quarter, while Chief Executive Mark Zuckerberg noted that the company's big bet on artificial intelligence is "paying off."
Chipotle (NYSE:CMG) stock fell 9% after the burrito restaurant chain missed estimates for quarterly sales as a pause in months-long price hikes hurt its top line.
eBay (NASDAQ:EBAY) stock fell 8.5% after the e-commerce platform disappointed with its third quarter profit forecast, overshadowing better-than-expected second quarterly results.
Harley-Davidson (NYSE:HOG) stock rose 5.7% after the manufacturer of iconic motorbikes put the sharp fall in profit in the second quarter down to a temporary suspension of production due to a parts shortage and not reduced demand.
Southwest Airlines (NYSE:LUV) stock fell 9% after the carrier warned of higher labor costs for the year and signaled softer pricing for the current quarter.
Comcast (NASDAQ:CMCSA) stock rose 6.4% after the media conglomerate beat expectations for quarterly revenue, helped by higher theme park attendance and the successful theatrical releases of “The Super Mario Bros Movie” and “Fast X.”
McDonald’s (NYSE:MCD) stock rose 2.1% after the burger chain beat expectations for quarterly comparable sales, as cost-conscious diners sought out cheaper options.
--Peter Nurse contributed to this report
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