Midday movers: Arista Networks, Caterpillar, ZoomInfo Technologies and more

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Midday movers: Arista Networks, Caterpillar, ZoomInfo Technologies and more
Credit: © Reuters.

Investing.com -- U.S. stocks were mixed on Tuesday, with investors digesting more corporate earnings as well as key job openings data.

Here are some of the biggest U.S. stock movers today:

  • Arista Networks (NYSE: ANET ) stock rose over 22% after the computer networking company forecast quarterly revenue above estimates after delivering better-than-expected results , supported by higher demand for its cloud networking gear.
  • Caterpillar (NYSE: CAT ) stock rose 8.6% after the construction equipment maker reported a rise in quarterly profit, as higher infrastructure spending in regions such as North America drove demand for its products.
  • ZoomInfo Technologies (NASDAQ: ZI ) stock fell 25% after the software and data company cut its full-year earnings and revenue outlook.

  • Pfizer (NYSE: PFE ) stock fell 0.4% after the drugmaker beat earnings estimates but fell short of Wall Street estimates for quarterly revenue, hit by declining sales of its COVID-19 products.

  • Amazon (NASDAQ: AMZN ) stock fell 1% after the online retail giant announced plans to invest about $7.2 billion through 2037 in Israel, and launched its Amazon Web Services data centers in the country.

  • Merck (NS: PROR ) (NYSE: MRK ) stock fell 0.7% after the drugmaker posted a narrower-than-expected second-quarter loss and raised its full-year profit forecast on the strength of its two top-selling products, cancer immunotherapy Keytruda and human papillomavirus vaccine Gardasil.

  • JetBlue (NASDAQ: JBLU ) stock fell 7.4% after the low-cost carrier cut its full-year profit forecast, citing a hit from the termination of its revenue-sharing deal with American Airlines (NASDAQ: AAL ).

  • BP (LON: BP ) (NYSE: BP ) ADRs fell 1.1% after the oil major raised its dividend and announced a share buyback despite an earnings drop.

  • HSBC (LON: HSBA ) (NYSE: HSBC ) ADRs rose 0.2% after Europe’s largest bank announced a $2 billion buyback as it reported higher profits and revenue for the first half of 2023.

-- Peter Nurse contributed to this report

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