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Midday movers: Meta Platforms, Hasbro, Southwest Airlines and more

Investing.com -- Stocks were surging as big tech earnings helped lift all three indexes. Here are the market movers for April 27.

  • Meta Platforms Inc (NASDAQ:META) shares rose 15% after the Facebook and Instagram parent reported better-than-expected results and user growth and a second-quarter revenue forecast that was better than consensus estimates.
  • Hasbro Inc (NASDAQ:HAS) shares rose 13% after the toy maker known for its Dungeons&Dragons franchise beat expectations on profit in the first quarter.
  • Southwest Airlines Company (NYSE:LUV) shares weakened 4.7% after the carrier reported a wider-than-expected loss for the first quarter. Rival carrier American Airlines Group (NASDAQ:AAL) shares rose 2.6% after it beat expectations for the quarter.
  • Crocs Inc (NASDAQ:CROX) shares fell 18.5% after the casual shoemaker offered second-quarter and full-year guidance that was below consensus on weakness at its Hey Dude brand.

  • AbbVie Inc (NYSE:ABBV) shares fell 7.7% after the pharmaceutical maker reported a 25% drop in sales of its arthritis therapy Humira as fresh competition entered the market.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% 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.