By Liz Moyer
Investing.com -- Stocks paused while investors digested the minutes of the Federal Reserve's meeting in September. Here are the market movers for Oct.12:
-
PepsiCo Inc (NASDAQ:PEP) stock rose 3.9% after the beverage and snack maker raised its outlook for the year and beat expectations on revenue and profit, saying it was successfully able to raise prices.
-
Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) shares jumped 9.2% after UBS upgraded it to buy, citing stronger booking trends in the quarter. Carnival Corporation (NYSE:CCL) also rose 8.5%.
-
Uber Technologies Inc (NYSE:UBER) shares rebounded slightly, rising 4% after falling more than 10% on Tuesday, when the Labor department proposed rules that could reclassify gig workers as employees. LYFT Inc (NASDAQ:LYFT) shares, which also fell on Tuesday, were up 7% today.
-
Moderna Inc (NASDAQ:MRNA) shares rose 8% after the Food and Drug Administration gave the go-ahead for Covid-19 booster shots in children as young as 5. Moderna is also working with Merck on a cancer vaccine. Shares of rival Covid vaccine maker Pfizer Inc (NYSE:PFE) were up 0.8%.
- Koninklijke Philips (NYSE:PHG) (AS:PHG) shares fell 12% after the Dutch health tech company said supply chain issues were weighing on sales. It wrote down $1.3 billion of the value of its sleep apnea business.