Top Stock Movers Now: Tapestry, Centene, HCA Healthcare, and More

Key Takeaways

• U.S. equities were mostly higher at midday as the market closed out an important week of corporate earnings.
• A judge blocked Coach parent Tapestry's $8.5 billion acquisition of rival Capri.
• HCA Healthcare said that recent hurricanes hurt results and warned the effects will carry over into the current quarter.

U.S. equities were mostly higher at midday as the market wrapped up a key week of corporate earnings reports. The S&P 500 and Nasdaq advanced, while the Dow Jones Industrial Average edged lower.

Tapestry (TPR) was the best-performing stock in the S&P 500 after a judge blocked the plan by the owner of Coach and other fashion brands to buy rival Capri Holdings (CPRI) for $8.5 billion. Capri Holdings shares cratered.

Shares of Centene (CNC) jumped when the managed care and health insurance provider easily beat profit and sales forecasts and raised its guidance on an increase in membership rolls and premium and service revenue.

Deckers Outdoor (DECK) shares took off when the footwear maker also posted better-than-expected results and boosted its outlook on soaring demand for its Hoka shoes.

HCA Healthcare (HCA) shares slumped when the insurer reported worse-than-expected profit and revenue and warned about full-year results because of the impact of recent hurricanes.

Shares of Mohawk Industries (MHK) fell as the flooring manufacturer also said the hurricanes would hurt current-quarter sales.

Skechers USA (SKX) shares declined as soft full-year guidance offset better-than-anticipated quarterly results for the maker of the eponymous shoe brand. 

Oil and gold futures rose. The yield on the 10-year Treasury note was little changed. The U.S. dollar was up on the euro and yen, but slightly lost ground to the pound. Bitcoin edged lower.

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