Investing.com -- Stocks were mixed after earnings from Walmart (NYSE: WMT ) and Cisco as investors watched for signs the debt ceiling debate was nearing an agreement. Here are the market movers for May 18.
- Take-Two Interactive Software Inc (NASDAQ: TTWO ) shares rose 12% after the video game company beat revenue expectations in the recent quarter and said game releases would help boost growth for the next few years.
- Netflix Inc (NASDAQ: NFLX ) shares rose 9.6% after the streaming media giant said its new ad-supported subscription tier has about 5 million monthly active users just six months since the service started.
- Bath & Body Works Inc. (NYSE: BBWI ) shares rose 8.7% after the retailer of soaps, lotions and other products beat first-quarter expectations and raised its earnings per share guidance for the year.
- Alibaba Group Holdings Ltd ADR (NYSE: BABA ) shares fell 4.8% after the Chinese e-commerce giant said it would spin off its cloud business, including artificial intelligence, in a dividend distribution. It also talked about initial public offerings for other businesses.
Cisco Systems Inc (NASDAQ: CSCO ) shares dipped 0.4% after the networking equipment maker said orders fell 23% in the recent quarter , a possible sign of weakness in demand for technology on a broader scale.
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