Market Updates
U.S. Movers: Boeing, NXP Semiconductors, Palantir, Restaurant Brands, Wynn Resorts, Yum Brands
Scott Peters
05 Nov, 2024
New York City
Restaurant Brands International declined 2.2% to $68.50 after the parent of Burger King reported mixed quarterly results.
Palantir Technologies increased 15.4% to $47.72 after the software company and defense contractor reported higher than expected quarterly results.
NXP Semiconductors dropped 5% to $224.50 after the advanced chip maker estimated weaker-than-expected fourth quarter revenue, citing macroeconomic weakness in the U.S. and Europe.
Wynn Resorts decreased 2% to $93.64 after the casino operator reported weaker-than-expected revenue and earnings in the third quarter.
Boeing Company increased 1.8% to $157.90 after the striking workers agreed to accept the 38% pay hike over four years and ratification and productivity bonuses.
The vote ends the 53-day strike that crippled the aviation company and resumes the much-needed cash.
About 33,000 workers are set to resume work after 59% of union members voting members accepted the company's third formal offer.
Yum Brands increased 0.1% to $133.0 after the parent company of Pizza Hut and KFC reported weaker-than-expected quarterly results.
Same-store sales at both KFC and Pizza Hut declined 4%.
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