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Midday movers: Advance Auto Parts, Hewlett Packard Enterprise, Twilio and more

Investing.com -- Stocks are falling on Wednesday as lawmakers prepared to vote on the debt ceiling deal. Here are the market movers for May 31.

  • Advance Auto Parts Inc (NYSE:AAP) stock fell 35% after the company fell short of estimates on profit and revenue in the recent quarter and cut its full-year guidance.
  • Hewlett Packard Enterprise Co (NYSE:HPE) stock fell 6.8% after the networking equipment maker missed on revenue expectations and cut its full-year sales outlook despite optimism about its opportunity in artificial intelligence. HP Inc (NYSE:HPQ), the PC maker, also fell 4.6% on a drop in personal computer sales.
  • Twilio Inc (NYSE:TWLO) shares rose 7.9% after The Information reported an activist is pushing it to make board changes and consider divestitures.
  • SoFi Technologies Inc. (NASDAQ:SOFI) stock rose another 10.8%, adding to Tuesday's gains, after the deal on raising the nation's debt ceiling included a provision that student loan repayments would resume after the pandemic-era pause.
  • Anheuser Busch Inbev (EBR:ABI) (NYSE:BUD) shares fell 2.5% after analysts reported the company's Bud Light sales continued to fall in May amid controversy over a social media promotion that sparked calls for a boycott of the brand.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.3% 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.