Top Stock Movers Now: Boeing, Tesla, General Mills, and More

U.S. equities advanced at midday ahead of this afternoon’s report from the Federal Reserve about the future of interest rates. The Dow Jones Industrial Average, S&P 500, and Nasdaq all rose. 

Boeing (BA) shares flew higher when CFO Brian West said the plane maker’s cash burn is slowing and gave an upbeat assessment of the firm’s business.

Shares of Signet Jewelers (SIG) took off when the operator of Zales, Jared, and Kay jewelry stores reported better-than-expected results and guidance on strong post-holiday sales, and announced plans to reduce its mall footprint.

Tesla (TSLA) shares gained when the electric vehicle (EV) maker received approval from California regulators to operate a self-driving taxi service.

Gilead Sciences (GILD) shares fell on a report the federal government is looking to cut spending on domestic HIV prevention, which could hurt sales of the biopharmaceutical firm’s HIV and AIDS treatments.

Shares of HealthEquity (HQY) declined after the health savings account (HSA) custodian’s earnings came in short of forecasts and it gave weak guidance as the company faced increased cyber threats and fraud attacks.

General Mills (GIS) shares declined when the maker of Cheerios and other processed foods missed sales estimates and lowered its guidance on inventory issues and weaker demand.

Oil futures gained. Gold prices were little changed. The yield on the 10-year Treasury note climbed. The U.S. dollar was up on the euro, pound, and yen. Most major cryptocurrencies traded higher.