Investing.com -- Main U.S. indexes declined Thursday after data from the Labor Department showed hotter than expected producer prices in January, eroding confidence in near-term rate cuts from the Fed.
Here are some of the biggest U.S. stock movers today:
Coinbase (NASDAQ:COIN) posted fourth-quarter income that topped Wall Street estimates, sending shares higher by 14%, as the approval of spot-Bitcoin exchange-traded funds boosted activity on the crypto exchange platform
DoorDash (NASDAQ:DASH) shares dropped 11% after the delivery firm unveiled a wider-than-projected fourth-quarter loss due in part to elevated labor costs.
Semiconductor equipment maker Applied Materials (NASDAQ:AMAT) popped 7% on a positive second-quarter revenue outlook fueled by strong demand for advanced chips used in artificial intelligence.
Roku (NASDAQ:ROKU) shares fell 22% after the streaming-video service posted quarterly losses of $0.55 per share.
DraftKings (NASDAQ:DKNG) shares were volatile after the sports gambling group reported lower-than-anticipated fourth-quarter adjusted core earnings.
Yelp (NYSE:YELP) shares declined 14% after the online review website unveiled a weak outlook for its 2024 fiscal period.
Toast (TOST) shares rose 17% after the restaurant software maker announced that it would lay off about 10% of its headcount.
Trade Desk (NASDAQ:TTD) shares surged 18% on a stronger-than-projected first-quarter financial forecast from the advertising technology firm.
Bloom Energy (NYSE:BE) shares slumped 23% following a disappointing annual revenue guidance from the solid oxide fuel cell manufacturer.
Super Micro Computer (NASDAQ:SMCI) declined 11%, paring its 30-day gain to 110%. Analysts initiated coverage on the stock with an ‘equal weight’ rating, saying shares already appear to price in earnings upside.
Vulcan Materials (NYSE:VMC) gained 7% after the construction company reported quarterly earnings per share and revenue that topped expectations.
Additional reporting by Louis Juricic