© Reuters.
By Liz Moyer
Investing.com — Stocks paused while investors digested the minutes of the Federal Reserve’s meeting in September. Here are the market movers for Oct.12:
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PepsiCo Inc (NASDAQ:) stock rose 3.9% after the beverage and snack maker raised its outlook for the year and on revenue and profit, saying it was successfully able to raise prices.
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Norwegian Cruise Line Holdings Ltd (NYSE:) shares jumped 9.2% after UBS upgraded it to buy, citing stronger booking trends in the quarter. Carnival Corporation (NYSE:) also rose 8.5%.
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Uber Technologies Inc (NYSE:) shares rebounded slightly, rising 4% after falling more than 10% on Tuesday, when the Labor department proposed rules that could reclassify gig workers as employees. LYFT Inc (NASDAQ:) shares, which also fell on Tuesday, were up 7% today.
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Moderna Inc (NASDAQ:) shares rose 8% after the Food and Drug Administration gave the go-ahead for Covid-19 booster shots in children as young as 5. Moderna is also working with Merck on a cancer vaccine. Shares of rival Covid vaccine maker Pfizer Inc (NYSE:) were up 0.8%.
- Koninklijke Philips (NYSE:) (AS:) shares fell 12% after the Dutch health tech company said supply chain issues were weighing on sales. It wrote down $1.3 billion of the value of its sleep apnea business.
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