By Liz Moyer
Investing.com -- Stocks are wobbling on Wednesday after mixed earnings reports and rising Treasury yields. Here are the market movers for April 19.
- Netflix Inc (NASDAQ:NFLX) shares were down 4% after the streaming giant gave a disappointing outlook and said it would start its crackdown on password sharing in the U.S. in the current quarter, later than planned.
- Intuitive Surgical Inc (NASDAQ:ISRG) shares rose 11.9% after the maker of surgical robotics reported better than expected quarterly sales and earnings per share, while medical device maker Abbott Labs (NYSE:ABT) also rose 7.5% after better than expected results.
- Western Alliance Bancorporation (NYSE:WAL) shares jumped 20% after the regional bank said deposits had fallen 11% from the fourth quarter but were rebounding in the early days of April, adding $2 billion in deposits since the end of March.
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Tesla Inc (NASDAQ:TSLA) shares were down 1.1% ahead of the electric vehicle maker's earnings report later today. Analysts are watching to see what Tesla's gross margins will be after several price cuts to its vehicles.
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CDW Corp (NASDAQ:CDW) shares fell 13% after the information technology company offered guidance for $5.1B in quarterly revenue, below expectations, because of cautious business spending on IT. It said full-year earnings could come in below 2022.