Top Stock Movers Now: Hewlett Packard Enterprise, Costco, Walgreens, and More

The rough week for U.S. equities continued at midday on lingering concerns about Trump administration tariffs and a weaker-than-expected jobs report. The Nasdaq and S&P 500 were down 1%, and the Dow Jones Industrial Average fell as well.

Hewlett Packard Enterprise (HPE) was the worst-performing stock in the S&P 500 after the information technology provider’s outlook missed estimates, and it announced cost-cutting measures, including layoffs.

Shares of Costco Wholesale (COST) dipped when the warehouse retailer posted profit below forecasts as it faced an uncertain economic environment.

Intuitive Machines (LUNR) shares plunged for a second straight session after the space exploration firm’s lunar craft had a landing mishap which prematurely ended the mission.

Walgreens Boots Alliance (WBA) shares jumped as the biggest U.S. pharmacy chain agreed to the much-anticipated takeover by private equity firm Sycamore Partners for $10 billion. 

Shares of Gap (GAP) soared after the clothing retailer reported better-than-expected earnings and revenue in the key holiday period as its turnaround plan continued to produce positive results.

Bristol-Myers Squibb (BMY) shares advanced when European regulators approved expanded use of the drugmaker’s combination treatment for liver cancer patients.

Oil futures rose. Gold prices were little changed. The yield on the 10-year Treasury note slipped. The U.S. dollar continued its drop against the euro, pound, and yen. Most major cryptocurrencies traded lower.