U.S. equities were mixed, with the S&P 500 up 0.1%, after the Labor Department reported core consumer inflation was higher than estimates, although likely not high enough to prompt the Federal Reserve to raise interest rates at its meeting next week.
Shares of trucking company J.B. Hunt Transport Services (JBHT) jumped 4% after President Shelley Simpson said the industry was coming out of a “freight recession.”
Moderna (MRNA) shares rose 3% after the vaccine maker reported its new flu shot reached key endpoints in a Phase 3 trial. WestRock (WRK) shares climbed 2%, up for a second-straight session following Irish rival Smurfit Kappa’s $11 billion acquisition of the paper and packaging firm.
Citigroup (C) shares added 1.7% when the bank announced an operational and management shakeup. Ford (F) shares advanced 1.5% after the automaker said it was significantly increasing production of its hybrid F-150 pickup as electric vehicle (EV) sales struggled.
3M (MMM) shares slumped 5.7% as the conglomerate warned about a “slow growth environment” for next year.
American Airlines (AAL) shares fell 5.7%, and Spirit Airlines (SAVE) shares lost more than 6%, after both carriers cut their current quarter outlooks because of higher costs.
Netflix (NFLX) shares dipped 5% as the streaming giant’s CFO noted the Hollywood strikes are hurting business and gave lower-than-expected operating margin guidance.
T. Rowe Price Group (TROW) shares declined 1% as the financial firm reported its investments under management fell more than 2% in August.
Originally published on Investopedia.com
