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Midday movers: Apple, Restaurant Brands, Paramount Global and more
Investing.com -- U.S. stocks jumped on Friday after a cooler than expected job report for October stoked hopes that the Federal Reserve could be done with interest rate increases.
Here are some of the biggest U.S. stock movers today:
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Apple (NASDAQ:AAPL) stock fell 0.8% after the iPhone maker predicted quarterly sales that were below market estimates, blaming weak demand for iPads and wearables, especially in key market China.
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Restaurant Brands (NYSE:QSR) stock fell 1.8% after the company beat third-quarter earnings views even as it missed expectations for quarterly sales on Friday, as still-high inflation pressured consumer spending at its Burger King chain.
- Paramount Global (NASDAQ:PARA) stock rose 13% after the media conglomerate reported strong revenue and subscription trends in its third-quarter earnings report.
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Cinemark (NYSE:CNK) stock fell 1.5% after the movie theater operator swung to a profit in the third quarter amid strong box office trends, powered by the movies ‘Barbie’ and ‘Oppenheimer’.
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Block (NYSE:SQ) stock soared 12% after the payments firm reported better-than-expected earnings forecast for 2024 and a $1 billion stock buyback plan.
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DraftKings (NASDAQ:DKNG) stock rose 14% after the sports betting company beat expectations for quarterly as it rises to the top of the highly competitive online gambling industry.
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Live Nation Entertainment (NYSE:LYV) stock rose 3.1% after the Ticketmaster parent beat market estimates for third-quarter revenue benefiting from high ticket prices and surging concert demand.
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Sempra Energy (NYSE:SRE) stock rose 1.3% after the power and gas utility posted better-than-expected third-quarter profit but revenue that fell short of estimates.
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Bloomin Brands (NASDAQ:BLMN) stock fell 2.4% after the Outback Steakhouse parent cut its full-year guidance to reflect a soft dining environment.
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Enbridge (NYSE:ENB) stock rose 1.1% after the pipeline operator beat third-quarter profit estimates, benefiting from transporting higher volumes of oil.
--Peter Nurse contributed to this report
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