Stocks move midday as Tesla, Broadcom and Nike report key updates
U.S. stocks moved on earnings, analyst calls and deal news across key sectors Tesla, Broadcom and more led the action as markets priced in fresh catalysts
U.S. stocks saw notable midday moves on Friday as investors reacted to company earnings, analyst actions, and deal news across several sectors.
Tesla rose after reporting thirdquarter deliveries that came in above Wall Street expectations. Broadcom also gained after reports said it had agreed to help finance Anthropic’s infrastructure purchases. Nike fell after fiscal firstquarter revenue missed estimates, with the company citing weaker sales in China and outlining plans to reduce staff in 2027.
Other movers included ON Semiconductor and Synaptics, which advanced after ON Semiconductor revised its buyout offer for Synaptics. Seagate Technology and Western Digital declined after a report that Toshiba plans to expand hard drive production capacity for data centers. Several other companies, including Allegro Microsystems and Onto Innovation, rose after receiving positive analyst coverage.