Midday movers: Nvidia, US Steel and JetBlue rise; ChargePoint falls

Published 05/09/2024, 16:54
© Reuters.
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Investing.com -- U.S. stock futures declined Thursday following data that showed private employers hired fewer workers, ahead of the release of the key monthly jobs report tomorrow morning.

Here are some of the biggest U.S. stock movers today:

NVIDIA (NASDAQ:NVDA) stock rose 0.8% after falling more than 11% during the past two sessions, with the AI chip firm stating on Wednesday it did not receive a U.S. Justice Department subpoena.

U.S. Steel (X) stock rose 4%, bouncing after 17% losses the prior session, following reports US President Joe Biden is set to block its proposed $14.9 billion takeover by Japan's Nippon Steel due to national security concerns.

Frontier Communications (FYBR) stock fell 9.4%, following the previous session’s 37% gains, after Verizon Communications (NYSE:VZ) said it is planning on buying the company, marking a deal that would help boost the telecom giant’s fiber network.

C3 AI (AI) stock fell 12% after the AI software firm missed quarterly subscription revenue estimates as enterprises tightened spending amid economic uncertainties.

Tesla (NASDAQ:TSLA) stock rose 4% after Reuters reported that the EV manufacturer plans to make a six-seat variant of its Model Y car in China from late 2025.

Chargepoint Holdings (CHPT) stock fell 20% after the EV-charging company reported a slide in Q2 sales, as well as soft guidance, and announced plans to cut 15% of its workforce.

NIO Inc. (NIO) stock rose 8% after the EV manufacturer reported better-than-expected Q2 earnings as deliveries hit a record high.

Honeywell (NASDAQ:HON) stock fell 2% after the conglomerate announced insider Mike Stepniak its new chief financial officer as incumbent Greg Lewis has decided to step down from the role.

JetBlue Airways (NASDAQ:JBLU) stock rose 7.7% after the airline lifted its third-quarter revenue forecast, owing to strong travel demand during the summer season.

Apple (NASDAQ:AAPL) rose 1.3% ahead of its September event and the launch of new iPhones next week.

AST SpaceMobile (ASTS) fell 13% after it entered a $400 million common stock sales agreement.

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