By Liz Moyer
Investing.com -- Stocks were wobbling on Friday as investors took in earnings reports from big banks that talked about an economic slowdown. Here are the midday movers for Jan. 13.
Tesla Inc (NASDAQ:TSLA) stock was down 2.4% after the electric vehicle maker cut the price of some Model 3 and Y vehicles in the U.S., to a point where some buyers may qualify for tax rebates. Guggenheim downgraded its rating to sell. Other auto maker shares also fell on Friday, including Ford Motor Company (NYSE:F), down 6%.
Virgin Galactic Holdings Inc (NYSE:SPCE) shares rose 13.7% after it said its commercial space business was "on track" to launch in the second quarter. It also announced management changes aimed at helping it increase flight frequency and execute "on rapid fleet development plans."
UnitedHealth Group Incorporated (NYSE:UNH) stock was up 0.9% after it posted mostly upbeat quarterly results and said it expects its UnitedHealthcare U.S. business to add another million customers over the next year, after adding 1.2M last year.
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