Investing.com -- Stocks are rising after May's inflation report showed prices cooling faster than expected. Here are the market movers for June 30.
- Apple Inc (NASDAQ:AAPL)shares rose 1.4% and were trading above the threshold needed by the end of trading to make the iPhone maker the first company to reach a $3 trillion market value.
- Nike Inc (NYSE:NKE)shares fell 2.3% after the athletic apparel maker reported fourth quarter profit that was just shy of expectations, though it beat on revenue forecasts as sales in China bounced.
- United Airlines Holdings Inc (NASDAQ:UAL)shares were up 1.1% after the carrier was working toward easing flight disruptions after a week when it was forced to cancel or delay thousands of flights. A combination of bad weather and staffing shortages for air traffic controllers was pressuring the airline industry ahead of the holiday weekend. Delta Air Lines Inc (NYSE:DAL) shares were up 1.6%, and American Airlines Group (NASDAQ:AAL) shares rose 1%.
- Dominion Energy Inc (NYSE:D)shares fell 0.7% after the electric power and natural gas provider revised guidance for second quarter operating earnings lower, to 44 cents to 50 cents a share from 58 cents to 68 cents a share.
- Carnival Corporation (NYSE:CCL)shares jumped 8% after Jefferies upgraded the cruise operator to buy from hold, with a price target of $17.16, citing increased sales and marketing efforts that are driving solid demand.