Midday movers: Alphabet, Microsoft and Snap rise; Intel, Hertz Global fall

(Updated - April 26, 2024 11:40 AM EDT)

Investing.com -- Main U.S. indexes rose Friday, boosted by healthy earnings from the important tech sector and data that helped calm worries about inflation.

Here are some of the biggest U.S. stock movers today:

Alphabet (NASDAQ:GOOGL) stock rose 10% after the Google parent reported better-than-anticipated first-quarter revenue and unveiled a first-ever dividend of 20 cents a share.

Microsoft (NASDAQ:MSFT) stock rose 2.5% as strong demand for AI products also helped the software giant report stronger-than-expected first-quarter earnings.

Snap (SNAP) stock soared 25% after the social media group reported quarterly revenue and user data figures that were above expectations.

Intel (NASDAQ:INTC) stock fell 10% after the chipmaker reported disappointing quarterly earnings and offered a middling forecast for the second quarter.

Exxon (NYSE:XOM) stock fell 3.6% after the oil giant missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains.

Hertz Global (HTZ) stock fell 3.5% after the auto rental company reported a wider-than-expected quarterly loss, highlighting its struggles with the EV rental business.

Chevron (NYSE:CVX) (CVX) stock fell 0.6% after the energy company took a hit from weak natural gas prices, even with first-quarter profit helped by higher production volumes.

Centene (NYSE:CNC) (CNC) stock fell 4% despite the managed care company easily beating earnings estimates for the first quarter and raising its full-year guidance. Higher Medicaid costs weighed on the stock.

Phillips 66 (NYSE:PSX) stock fell 4% after the refiner missed quarterly profit estimates on Friday, hurt by a slump in refining margins following a decline in fuel prices.

Aon plc (NYSE:AON) fell 9% after the insurance company reported EPS that missed consensus. The decline was its worst drop in years.

Atlassian (NASDAQ:TEAM) fell 9% despite beating quarterly estimates after its Co-CEO Scott Farquhar said he would step down. The departure was viewed as a surprise.

DexCom (DXCM) fell 8% after its outlook for full year revenue disappointed Wall Street. Expectations were high heading into the print.

ResMed (RMD) rose 17% after quarterly results beat estimates on the top and bottom line. Improvement in margins surprised to the upside.

Additional reporting by Louis Juricic