Stocks rallied Thursday, following choppy trading as investors tried to gauge the next move by the Federal Reserve.
These stocks made moves Thursday:
Nvidia (NVDA) rose 14% after the chip maker reported better-than-expected adjusted fourth-quarter earnings and issued a revenue forecast for the current first quarter that topped analysts’ expectations.
Domino’s Pizza (DPZ) fell 12% after the company slashed its outlook for global retail sales growth for the next two to three years. Domino’s said it “experienced significant pressure” on its U.S. delivery business in 2022.
Wayfair (ticker: W) dropped 23% after the online furniture retailer posted a wider-than-expected adjusted loss in the fourth quarter.
Electric-vehicle maker Lucid (LCID) tumbled 12% after saying it expects to deliver between 10,000 and 14,000 vehicles in 2023, below Wall Street expectations of roughly 20,000 to 22,000.
Unity Software (U) dropped 16% after forecasting revenue for the first quarter below expectations. The company said it wasn’t expecting a recovery in the in-game ads market in 2023.
Teladoc (TDOC), the virtual healthcare company, declined 6.8% after recording a large fourth-quarter loss on impairment charges and issuing first-quarter revenue and Ebitda forecasts below Wall Street estimates.
Dutch Bros (BROS) fell 11% after the coffee chain posted fourth-quarter adjusted earnings below analysts’ expectations.
Moderna (MRNA) fell 6.7% after the vaccine maker posted fourth-quarter earnings below analysts’ expectations.
Lordstown Motors (RIDE) fell 12% after the electric-vehicle startup said it was experiencing “a recall and production pause to address quality issues.”
Shares of eBay (EBAY) fell 5.2%. The e-commerce marketplace company reported fourth-quarter earnings and sales that came in roughly in line with estimates but gross merchandise volume declined 12% from a year earlier.
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