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Midday Movers: Twitter, Schlumberger, Amazon.com and More

By Liz Moyer

Investing.com -- Stocks gave back their early October gains as bond yields rose. Here are the market movers for Oct. 5

  • Twitter Inc (NYSE:TWTR) shares cooled off on Wednesday, down 0.6% after jumping 22% the previous day, when Elon Musk said he would buy the social media site at his previously proposed price. Tesla Inc (NASDAQ:TSLA) shares are down 4%.

  • Schlumberger NV (NYSE:SLB) shares are up 6% as are other oil stocks. The oilfield services company stands to benefit from rising oil prices now that OPEC and its allies are cutting production 2 million barrels a day.

  • Amazon.com Inc (NASDAQ:AMZN) shares are down 0.8% after the e-commerce company halted hiring for retail jobs in its corporate office. Amazon will hold its second Prime Day sale of the year later this month.

  • Lumen Technologies Inc (NYSE:LUMN) shares fell 11% after Wells Fargo downgraded it to equal weight from overweight, raising questions about the sustainability of its $1 billion annual dividend.

  • Helen of Troy Ltd (NASDAQ:HELE) shares reversed earlier losses and are now up 4% even though the maker of Hydro flasks cut its full-year forecast, saying consumer spending habits were shifting because of inflation.

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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.