Morgan Stanley, KLA UnitedHealth Group Target and More: Top stock moves now


Signs outside Morgan Stanley headquarters in New York City

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The Key Takeaways

  • Major U.S. indexes were little changed at midday Thursday after Wednesday's big gains powered by strong bank earnings and a softer-than-expected inflation report.
  • Morgan Stanley’s shares rose after it exceeded earnings and revenue expectations.
  • UnitedHealth Group fell in value as the insurer posted a soft premium revenue and increased medical expenses.

Major U.S. indexes were little changed at midday Thursday after Wednesday's big gains powered by strong bank earnings and a softer-than-expected inflation report.

Morgan Stanley shares rose after it reported better than expected results. Revenue from the firm’s equities unit soared, and more investors poured money into Morgan Stanley-backed initial public offerings.

KLA (KLAC), and shares of other semiconductor companies, were up after TSMC posted solid results. The chipmaker claimed it had benefited from the soaring demand of artificial intelligence chips.

Symbotic’s (SYM), a robotics and AI company, expanded their partnership with Walmart (WMT) to increase its share price.

UnitedHealth Group stock (UNH) fell on Thursday, as the health insurance company reported lower revenue due to premiums but higher payouts.

Target shares fell when the retailer failed to raise its profits outlook despite better-than-expected holiday sales.

Southwest Airlines’ (LUV) shares fell after Citi downgraded the company, citing concerns regarding its valuation and earnings. 

Gold prices rose and oil futures fell. The 10-year Treasury yield continued to fall. In midday U.S. trade, the U.S. Dollar was higher against the euro and pound but fell to the yen. The majority of major crypto currencies traded higher. 

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.