Investing.com -- U.S. stocks are falling at midday after a stronger than expected reading on top-line consumer inflation.
Here are some of the biggest U.S. stock movers today:
Delta Air Lines (NYSE:DAL) stock fell 1.3% after the carrier reported stronger-than-expected quarterly profit on strong international travel, but trimmed its full-year outlook due to higher fuel costs.
Walgreens Boots Alliance (NASDAQ:WBA) stock rose 5.9% in volatile trading despite the retail pharmacy giant offering up a disappointing 2024 earnings forecast as well as weak fourth-quarter earnings as demand for Covid vaccines and tests weakened.
Ford (NYSE:F) stock fell 2.1% after the United Auto Workers announced a surprise walkout at the auto giant’s biggest and most profitable plant in Kentucky, the largest single walkout since targeted strikes began four weeks ago.
Microsoft (NASDAQ:MSFT) stock fell 0.7% after the Internal Revenue Service notified the software giant that it is seeking an additional tax payment of $28.9 billion, plus penalties and interest for tax years from 2004 to 2013.
Domino’s Pizza (NYSE:DPZ) stock fell 0.6% after the pizza chain missed market expectations for its quarterly revenue, as higher menu prices and delivery charges discouraged inflation-weary consumers.
Birkenstock (NYSE:BIRK) shares fell 5.4% a day after the German sandal maker's stock ended more than 12% below its initial public offering price on its market debut on Wednesday.
Target (NYSE:TGT) stock rose 1.5% after Bank of America (NYSE:BAC) upgraded its stance on the chain of discount department stores to ‘buy’ from ‘neutral’, saying the recent stock selloff creates an attractive buying opportunity.
First Solar (NASDAQ:FSLR) stock fell 1.2% after Barclays (LON:BARC) upgraded the manufacturer of solar panels to ‘overweight’ from ‘equal weight’, saying it is trading at an unjustified discount to its peers.