"Top Stock Market Movers: First Republic, Amazon, Snap, and More"
TL;DR Summary
First Republic shares fell by 50% after sources said the bank is likely to be taken into receivership by the Federal Deposit Insurance Corporate. Snap's stock plummeted about 18% after missing revenue expectations for the recent quarter. Amazon fell 3.8% as investors contend with concerns over the future of its cloud business. Intel shares rose more than 4% despite reporting its largest quarterly loss on record. Chevron rose 0.8% after beating expectations for first-quarter earnings and revenue.
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- Stock Market News: Key inflation data, oil earnings, Fed's SVB report Fox Business
- First Republic’s stock rises on rescue talks, Amazon shares fall on cloud forecast and other stocks on the move MarketWatch
- Stocks making the biggest moves midday: Honeywell, Caterpillar, Meta, First Republic & more CNBC
- Amazon, Cloudfare, Snap, First Solar, First Republic, Intel, and More Stock Market Movers Barron's
- View Full Coverage on Google News
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