Investing.com -- Stocks are mixed as investors await the Federal Reserve's latest decision on interest rates and its forecasts for the economy, inflation and unemployment. Here are the market movers for June 14.
- Logitech International SA (NASDAQ:LOGI) shares fell 11.5% after the electronics maker said its CEO would be leaving the company to take on another opportunity.
- UnitedHealth Group Incorporated (NYSE:UNH) shares were down 7% after the health care giant said older Americans were returning to the doctor for procedures they had postponed during the pandemic. Shares of other health care companies also weakened, including Humana Inc (NYSE:HUM), which fell 13%.
- Advanced Micro Devices Inc (NASDAQ:AMD) shares were rising 2% after it introduced a set of artificial intelligence chips. Reuters reported that Amazon's (NASDAQ:AMZN) cloud-oriented services unit was considering using AMD's AI chips.
- Cinemark Holdings Inc (NYSE:CNK) shares were down 6% after the theater chain operator caught a downgrade by B. Riley, which cited an uncertain outlook for film releases with the ongoing writers strike in Hollywood.
- SoFi Technologies Inc. (NASDAQ:SOFI) shares rose 3.9% after BTIG analysts called it a top pick in fintech. The resumption of federal student loan payments later this summer could be a catalyst for the stock.