Top Stock Movers Now: Tilray Brands, Lucid, BlackBerry, and More

Lucid

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Key Takeaways

  • U.S. equities were down at midday Tuesday, April 9, 2024, ahead of Wednesday's key report on consumer inflation.
  • Tilray Brands shares slumped after the marijuana and craft beer company missed quarterly estimates and cut its outlook on slowing cannabis sales. 
  • Lucid Group shares gained after the luxury electric carmaker reported better-than-expected first quarter deliveries.

U.S. equities were falling at midday ahead of Wednesday's key consumer inflation report and its potential impact on Fed interest rate moves. The Dow, S&P 500, and Nasdaq were all lower.

Tilray Brands (TLRY) shares slumped after the marijuana and craft beer company missed quarterly estimates and cut its outlook on slowing cannabis sales. 

Shares of Boeing (BA) declined as the plane maker reported it delivered 83 aircraft in the first quarter, only about half of the total a year earlier as the company struggles with safety issues.

BlackBerry (BB) shares surged as the company said it would team up with Advanced Micro Devices (AMD) to develop robotics systems.

Shares of Newmont Corporation (NEM) and other gold miners also advanced as the precious metal continued its climb, trading at another record high.

Lucid Group (LCID) shares gained after the luxury electric carmaker reported better-than-expected first quarter deliveries.

Oil futures and the yield on the 10-year Treasury note dropped. The U.S. dollar was up on the euro but fell to the pound and yen. Prices for most major cryptocurrencies were down.

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