U.S. stocks on the move: Progress Software, Vicor Corp, Accenture
SPY•Progress Software shares slid after a third-quarter revenue decline, while Vicor rose after raising its third-quarter growth forecast and Accenture gained as its annual revenue growth forecast topped estimates.
1. Stock movers
Progress Software shares slid after a third-quarter revenue decline. Vicor shares jumped after it raised its third-quarter growth forecast, and Accenture gained as its annual revenue growth forecast topped estimates.
2. Market outlook
Wall Street’s main indexes were set to open higher on Thursday, supported by gains in chip and consulting stocks. Inflation and mounting government debt concerns pushed Treasury yields to more than two-decade highs.
