Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Midday Movers: Shell, Peloton Interactive, Constellation Brands and More

Published 10/07/2022, 02:06 AM
Updated 10/07/2022, 02:06 AM

By Liz Moyer

Investing.com -- Stocks traded lower on Thursday as investors awaited the government's jobs report for September. Here are the market movers for Oct. 6:

  • Shell PLC ADR (NYSE:SHEL) shares fell 3.9% after the oil major said third-quarter results would be affected by lower profit from natural gas trading. It's also seeing higher costs to deliver fuel.

  • Peloton Interactive Inc (NASDAQ:PTON) shares rose 4% after the exercise bike maker said it will cut another 500 jobs as it attempts a business turnaround.

  • Constellation Brands Inc (NYSE:STZ) shares fell 1.2% after the spirits company beat expectations for profit and revenue. It did decide to sell some wine operations to California-based Wine Group.

  • General Electric Company (NYSE:GE) shares fell 1.7% after it said it was shedding about 20% of its onshore wind workers, which could amount to hundreds of jobs.

  • Amazon.com Inc (NASDAQ:AMZN) shares fell 0.2% after the e-commerce giant said it would hire 150,000 seasonal workers, about the same number of people it hired last holiday season.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.