Lululemon Peloton Docusign and More: Top Stock Movers Right Now

The Key Takeaways

• The November employment report was higher than expected, and this led to a significant increase in the performance of U.S. stocks.
• Lululemon Athletica has posted results that were better than expected and raised their guidance because of strong holiday sales.
• Smith & Wesson warned that inflation is leading consumers to purchase fewer firearms.

U.S. stocks largely increased their records at noon after Labor Department revealed that November’s job creation was higher than anticipated. The S&P 500 and Nasdaq gained, while the Dow Jones Industrial Average ticked lower.

Lululemon Athletica (LULU) was the best-performing stock in the S&P 500 when the maker of athletic attire posted better-than-expected results and raised its outlook on optimism about the key holiday shopping season.

Shares of Docusign (DOCU) soared after the electronic document signing software provider also reported better-than-anticipated results and raised its outlook as billings and subscriptions jumped.

UBS raised its price target and upgraded Peloton Interactive’s stock, which will be benefited by cost cutting measures as well as the new CEO.

UnitedHealth Group’s (UNH), shares fell for a second consecutive session, on the suggestion that UnitedHealthcare CEO Brian Thompson’s murder may be related to its coverage policies.

Shares of Smith & Wesson (SWBI) cratered when the gunmaker warned that inflation was reducing firearm sales, and lowered its outlook.

The price of crude oil and the shares of oil companies, such as Chevron (CVX), Halliburton(HAL) have fallen in tandem with each other on the expectation of a surplus. 

The gold price rose. The 10-year Treasury yield was not much changed. The U.S. currency rose against both the euro and the pound but fell in value against the yen. Bitcoin was trading up around 2% to $99,000.

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