Top Stock Moves Now: Charles River Labs, Disney, Supermicro, and More
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Key Takeaways
U.S. equities were little changed at midday with the market focused on comments from the Federal Reserve coming later today.
Charles River Laboratories announced a shakeup of its board and the start of a strategic review, sending shares higher.
Super Micro Computer warned uncertainty about the economy and new Trump administration tariffs will have negative short-term impacts on its business.
U.S. equities were little changed at midday as the market awaited the Federal Reserve's interest-rate decision coming this afternoon. The Dow Jones Industrial Average was higher, the Nasdaq was lower, and the S&P 500 was basically flat.
Charles River Laboratories (CRL) was the best-performing stock in the S&P 500 after the medical testing company shook up its board and began a strategic review of its operations following pressure for changes from activist investor Elliott Investment Management.
Shares of The Walt Disney Co. (DIS) jumped when the entertainment giant posted better-than-expected results as it added streaming subscribers and had revenue growth in all three of its business segments.
Electronic Arts (EA) also reported better-than-anticipated profit and sales on higher demand for its sports portfolio. Shares of the video game maker advanced.
Shares of Super Micro Computer (SMCI), or Supermicro, declined when the computer server manufacturer warned that economic uncertainty and tariffs would likely hurt performance.
Marvell Technology (MRVL) pointed to an uncertain macroeconomic environment as it postponed its investor day and narrowed its revenue outlook. Shares sank.
Arista Networks (ANET) shares slid after the cloud networking provider kept its full-year guidance steady because of the potential negative impact of tariffs.
Oil and gold futures dropped. The yield on the 10-year Treasury note was slightly lower. The U.S. dollar gained on the euro, pound, and yen. Prices for most major cryptocurrencies advanced.
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Actual results could differ materially from such forward-looking statements. Accordingly, you should not place undue reliance on forward-looking statements. In addition to the specific risk factors disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the following factors, among others, could cause actual results to differ materially and adversely from such forward-looking statements: those related to the real estate and economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, inflation, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, tariffs, increased levels of loan delinquencies, problem assets and foreclosures, credit risk management, asset-liability management, cybersecurity risks, geopolitical conflicts, public health issues, the financial and securities markets and the availability of and costs associated with sources of liquidity. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For further information:Michael LeslerEVP & Chief Financial Officermlesler@ (845) 341-5111Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
