By Liz Moyer
Investing.com -- Stocks were falling on Thursday after stronger than expected labor data stoked fears that the Federal Reserve would keep interest rates elevated. Here are the midday movers for Jan. 5.
Constellation Brands Inc (NYSE:STZ) shares fell 8.4% after the beer and spirits giant said it expects comparable earnings per share for fiscal year 2023 to be in a range of $11 to $11.20, which is above consensus but lower than the $11.60 high point it projected a few months ago.
Walgreens Boots Alliance Inc (NASDAQ:WBA) stock fell 8.3% after the drug store chain beat estimates because of strong sales of cold and flu remedies. It recorded a $3.7 billion loss for the recent quarter after an opioid litigation settlement.
Amazon.com Inc (NASDAQ:AMZN) stock fell 1.7% after the e-commerce giant announced plans to lay off 18,000 workers in its corporate offices.
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