U.S. stocks on the move: Yum Brands, DuPont, Oracle
YUM•Yum Brands rose after beating quarterly profit expectations, DuPont gained on a higher full-year outlook and share buyback, and Oracle tumbled on a $20 billion stock-and-bond sale to fund AI ambitions.
1. Company moves
Yum Brands shares rose after a quarterly profit beat, while DuPont gained after raising its full-year outlook and announcing a share buyback. Oracle tumbled after announcing a $20 billion stock-and-bond sale to fund its AI ambitions.
2. Other stocks
The roundup also cited gains for Cloudflare after J.P. Morgan upgraded the stock to overweight and losses for Sysco after it lowered its annual sales forecast. U.S. stock futures pointed higher as crude oil prices fell further ahead of the midterm elections, while Apple joined other Big Tech companies whose results failed to impress investors.
