Investing
Midday movers: Southwest Airlines, Johnson & Johnson, Goldman Sachs and more
© Reuters.
By Liz Moyer
Investing.com — Stocks are weaker on Tuesday as investors tried to take in mixed messages on corporate earnings. Here are the market movers for April 18.
- Southwest Airlines Company (NYSE:) shares fell 1.4% after the carrier suspended flights for a brief period in the morning, citing technical issues. Even though flights resumed, more than 44% of its flights were delayed according to tracking site FlightAware.
- Johnson & Johnson (NYSE:) shares were down 2.7% after the pharmaceutical giant and raised its fiscal year guidance. It did take a $6.9 billion litigation expense in the period related to its proposed settlement on talc claims.
- Goldman Sachs Group Inc (NYSE:) shares fell 1.1% after the investment bank for profit but reported slightly weaker revenue than expected mainly because of trading. It sold $470 million of loans from its Marcus consumer division. Bank of America Corp (NYSE:) shares rose 0.3% after the lending giant beat expectations in the , benefitting from rising interest rates.
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Lockheed Martin Corporation (NYSE:) shares rose 2.7% after the aerospace company reported that beat expectations and reaffirmed its guidance for the full year.
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Netflix Inc (NASDAQ:) shares were edging up 0.2% in the afternoon ahead of the release of its first-quarter earnings. Investors are waiting to hear details about subscription trends in the quarter and the company’s efforts to combat password sharing.
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