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Midday Movers: AMD, CVS Health, Halliburton and More

By Liz Moyer

Investing.com -- Stocks tumbled on Friday after a stronger-than-expected jobs report for September threw a wet blanket on hopes for a pivot on interest rates by the Federal Reserve. Here are the market movers for Oct. 7:

  • Advanced Micro Devices Inc (NASDAQ:AMD) shares fell 11% after the chip maker said third-quarter revenue would come in $1 billion below its previous projection because of a slump in PC sales.

  • CVS Health Corp (NYSE:CVS) shares fell 11% after the government lowered the performance ratings on its largest Medicare insurance plan and after a report it was exploring the purchase of Cano Health Inc (NYSE:CANO). Shares of Cano, a primary care company, rose 5%.

  • Halliburton Company (NYSE:HAL) stock rose 3% as oil prices spiked on Friday. The oil field services company and producers are benefitting from rising crude prices after the cartel of major oil-producing nations agreed to cut production two million barrels a day.

  • Tilray Inc (NASDAQ:TLRY) shares fell 18% after disappointing revenue and profit. This comes a day after the shares spiked when President Joe Biden asked government agencies to review the classification of marijuana as a drug.

  • Levi Strauss&Co (NYSE:LEVI) shares fell 10% after the denim apparel maker cut its forecasts for 2022.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.