ASML, Five Below fall; J&J, V.F. Corp. rise; Wednesday, 7/17/2024
Stocks that traded heavily or had substantial price changes on Wednesday:
ASML Holding NV (ASML), down $136.14 to $932.06.
Bloomberg News said the U.S. is considering severe trade curbs if companies like ASML continue shipping advanced chip tech to China.
Five Below Inc. (FIVE), down $25.57 to $76.50.
CEO Joel Anderson left the discount retailer. The company also gave a profit forecast that fell short of expectations.
Spirit Airlines Inc. (SAVE), down 34 cents to $2.82.
The discount carrier cut its revenue forecast, saying it’s making less than expected from fees.
V.F. Corp. (VFC), up $1.93 to $16.15.
The maker of Vans and Timberlands footwear is selling its Supreme business to eyewear maker EssilorLuxottica for $1.5 billion.
U.S. Bancorp (USB), up $1.97 to $45.26.
The bank, which has lagged the market this year, rose after beating analysts’ forecasts for profit and revenue.
Johnson & Johnson (JNJ), up $5.57 to $156.58.
The maker of health care products reported results that beat analysts’ forecasts.
Bloom Energy Corp. (BE), up 20 cents to $15.28.
The company announced a deal to provide fuel cells to data center operator CoreWeave.
Prologis Inc. (PLD), up $1.72 to $123.21.
The owner of logistics real estate reported stronger-than-expected results.