Changes at noon: Target, Lululemon and ViaSat drop; TJX is growing

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(Updated – May 22, 2024 11:58 am EDT)

Investing.com – U.S. stock futures were mixed on Wednesday ahead of the release of the eagerly anticipated minutes of the Federal Reserve’s latest policy meeting and the results of artificial intelligence leader Nvidia (NASDAQ:).

here are some of the biggest changes in US stock markets right now:

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  • Objective Shares of the company (TGT) fell 7% after the retailer forecast comparable sales and profit for the current quarter well below expectations after frail discretionary spending hurt its first-quarter results.

  • Nvidia (NVDA) fell 0.5%, holding steady above the tech giant’s quarterly earnings after rising more than 3% in the last two days.

  • City clothes (NASDAQ:) fell more than 4% even though the clothing retailer beat earnings and earnings expectations in its most recent quarter. Stocks were weighed by concerns about the rally in the namesake banner.

  • Toll Brothers (NYSE:) (TOL) fell 8% even as the builder raised its full-year delivery forecast as the results failed to impress Wall Street amid high expectations.

  • Lululemon Athletic (NASDAQ:) (LULU) fell 3.9% after the sportswear retailer announced the departure of chief product officer Sun Choe.

  • Amazon Shares (NASDAQ:) rose 0.4% after the tech giant announced that its AWS cloud computing unit will invest about $17 billion in data centers in northern Spain, significantly accelerating its expansion plan in the country.

  • Via Sat (NASDAQ:) (VSAT) fell 17% after the telecommunications company’s quarterly net loss widened to $90 million, down from $62 million in the same period last year.

  • PDD holdings (PDD) shares rose 2% after the company beat first-quarter revenue estimates, driven by robust adoption of its international marketplace Temu and its Chinese discount e-commerce platform in the domestic market Pinduoduo (NASDAQ:) attracted customers who were more price-conscious.

  • Analog devices (NASDAQ:) Shares of the company ( ADI ) rose 8% after Semiconductor forecast third-quarter revenue above expectations, helped by rising demand for automotive and industrial chips after a long decline.

  • First Solar (NASDAQ:) rose 13% to a 52-week high as solar stocks surged. Solar power (NASDAQ:), Canadian Solar (NASDAQ:), SolarEdge Technologies (NASDAQ:), Enphasic Energy (NASDAQ:), Matrix technologies Inc. (ARRY)
    AND Sunny run (NASDAQ:) were higher. Invesco Solar ETF (TAN) increased by 9%.

  • TJX Co. (NYSE:) rose 6% after reporting first-quarter results that beat expectations.

Additional reporting by Louis Juricic

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