Forum favorites GameStop (GME) lost 1.9% and AMC Entertainment (AMC) was down 1.6%. According to The Wall Street Journal, AMC is looking to refinance its high-interest debt and is in discussions with potential parties.
IBM (IBM) added 5.7% after posting higher Q4 results a day ago, with software revenue up 8% year over year. The company also received a series of price target revisions.
Microsoft (MSFT), which was down 1.3%, is expected to report its Q2 results in the after-hours session today. Investors are expecting strong growth for the technology giant's cloud software business.
Nvidia (NVDA) slipped 3.20% following a report by Bloomberg News that the graphic cards maker is abandoning its bid to acquire British chip company Arm on the back of the ongoing regulatory concerns.
Palantir Technologies (PLTR) dropped marginally, and Apple (AAPL) was marginally higher. Apple is poised to release its fiscal Q1 results on Thursday.
Robinhood Markets (HOOD) gained 1.4% even as Mizuho Securities downgraded the company's price target to $20 from $55, with the expectation that the stock will rebound in the medium term after the broader issues in the payments sector get resolved.
Netflix (NFLX) was down 3.4%, continuing its slide from a day ago, which followed the company's weak subscription growth outlook for Q1.
Price: 99.41, Change: -0.74, Percent Change: -0.74
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