Yahoo Finance Midday Movers: Twitter, Micron, Norwegian Cruise and More
By Liz Moyer
Investing.com -- Stocks jumped for a second day as falling bond yields boosted tech-oriented stocks. Here are the stocks that are moving on Oct. 4.
Twitter Inc (NYSE:TWTR) shares jumped 13% and were halted on a Bloomberg report that Elon Musk has decided to go ahead with his acquisition of the social media platform at his original offer price of $54.20 a share. Musk had been headed to court in an attempt to cancel the deal.
Micron Technology Inc (NASDAQ:MU) shares rose more than 5% after the chip maker announced plans to build a chip factory in New York state, spending $100 billion over two decades. The move comes after the Biden administration enacted the Chips Act, which calls for federal funding for the U.S. chip industry.
Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) shares rose 13% as the cruise operator ended all rules and restrictions that applied to Covid-19 conventions on masking, vaccination and testing. Passengers still have to comply with the rules in the countries the cruises visit.
Ford Motor Company (NYSE:F) shares rose 6.7% after it said third-quarter sales rose 16% despite a drop in sales for September.
Poshmark Inc (NASDAQ:POSH) shares rose 13% after the online used fashion platform agreed to a $1.2 billion sale to South Korean internet company Haver.
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