Top Stock Movers Now: McCormick, Seagate Technology, Tesla, and More

KEY TAKEAWAYS

• U.S. equities gained at midday Tuesday, March 26, 2024, reversing Monday's decline, as a report showed durable goods orders grew in February.
• McCormick & Company led gains on the S&P 500 as the spice maker beat profit and sales estimates on higher prices. 
• Elon Musk said Tesla would offer a free, one-month trial of its driver-assist system, and shares advanced.

U.S. equities advanced at midday, reversing yesterday’s selloff, as a report showed durable goods orders grew more than expected last month. The Dow, S&P 500, and Nasdaq were all higher. 

McCormick & Company (MKC.V) led gains on the S&P 500 as shares surged after the spice maker beat profit and sales estimates, boosted by higher prices. 

Seagate Technology (STX) shares took off after Morgan Stanley upgraded the stock and raised the price target, saying the data storage provider’s margins could get a boost from demand for artificial intelligence (AI).

Shares of Tesla (TSLA) jumped as CEO Elon Musk said that the electric vehicle (EV) manufacturer will offer owners a one-month free trial of the company’s Full Self Driving (FSD) system.

3M (MMM) shares declined as the conglomerate announced it was close to settling litigation over claims of hearing loss from its military earplugs for $6 billion.

Oil futures, gold futures, and the yield on the 10-year Treasury note were little changed. The U.S. dollar advanced versus the euro, pound, and yen. Trading in most major cryptocurrencies was mixed.

Sourced from Investopedia