Midday movers: Charles Schwab, Enphase Energy, Alphabet and more

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Midday movers: Charles Schwab, Enphase Energy, Alphabet and more
Credit: © Reuters.

By Liz Moyer

Investing.com -- Stocks are wobbling as investors focus on bank earnings after the sector's turmoil in March sparked fears about a slowdown in lending. Here are the market movers for April 17.

  • Charles Schwab Corp (NYSE: SCHW ) shares rose 2.7% after the brokerage giant beat expectations for the first quarter, when deposits fell 11% from the fourth quarter. Shares of State Street Corp (NYSE: STT ) were down 11% after the custody bank fell short of expectations in the quarter.
  • Enphase Energy Inc (NASDAQ: ENPH ) shares rose 8% after the solar energy company caught an upgrade to Overweight from Neutral by Piper Sandler
  • Alphabet (NASDAQ: GOOGL ) (NASDAQ: GOOG ) shares fell more than 3% after reports that Samsung (KS: 005930 ) was considering replacing the Google search engine on its devices with the Bing search engine created by Microsoft (NASDAQ: MSFT ). 
  • Prometheus Biosciences Inc (NASDAQ: RXDX ) shares rose 49% a day after the maker of immune therapies agreed to a $10.8 billion deal to be acquired by Merck & Company Inc (NYSE: MRK ), which is building out its portfolio of drugs.

  • Roblox Corp (NYSE: RBLX ) shares were down 11% after the video game platform released data for March that hinted at a slowdown in average bookings per daily active user. For March, the number was $3.73 to $3.85. This is the firm's last monthly update, as it will shift to quarterly data reporting.

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