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Midday Movers: Marathon Oil, Boeing, Costco Wholesale and More

By Liz Moyer

Investing.com -- U.S. stocks tumbled into a bear market for the Dow on Friday on worries about a global recession. Here are the midday movers for Sept. 23:

  • Oil company stocks plunged as prices for both benchmark commodities, WTI and Brent crude, fell 6% and 5%, respectively. APA Corporation (NASDAQ:APA) shares fell 12%, Marathon Oil Corporation (NYSE:MRO) shares were down 11% and Halliburton Company (NYSE:HAL) fell 10.4%.
  • Boeing Co (NYSE:BA) stock fell 6% a day after it announced a $200 million settlement with the Securities and Exchange Commission related to the 737 MAX.
  • Costco Wholesale Corp (NASDAQ:COST) shares fell 3.6% after it beat expectations but said margins were being pinched by higher freight and labor costs. 
  • Fubotv Inc (NYSE:FUBO) shares rose 3.6% after Wedbush upgraded it to outperform from neutral, calling the current stock price an attractive entry point for the connected streaming service.
  • YETI Holdings Inc (NYSE:YETI) stock fell 5.8% after the maker of coolers and reusable drink containers said its CFO would depart next month.

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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.