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Investing.com — Stocks are falling on Wednesday as lawmakers prepared to vote on the debt ceiling deal. Here are the market movers for May 31.
- Advance Auto Parts Inc (NYSE:) stock fell 35% after the company of estimates on profit and revenue in the recent quarter and cut its full-year guidance.
- Hewlett Packard Enterprise Co (NYSE:) stock fell 6.8% after the networking equipment maker on revenue expectations and cut its full-year sales outlook despite optimism about its opportunity in artificial intelligence. HP Inc (NYSE:), the PC maker, also fell 4.6% on a drop in personal computer sales.
- Twilio Inc (NYSE:) shares rose 7.9% after The Information reported an activist is pushing it to make board changes and consider divestitures.
- SoFi Technologies Inc. (NASDAQ:) stock rose another 10.8%, adding to Tuesday’s gains, after the deal on raising the nation’s debt ceiling included a provision that student loan repayments would resume after the pandemic-era pause.
- Anheuser Busch Inbev (EBR:) (NYSE:) shares fell 2.5% after analysts reported the company’s Bud Light sales continued to fall in May amid controversy over a social media promotion that sparked calls for a boycott of the brand.
