© Reuters.
By Liz Moyer
Investing.com — U.S. stocks wobbled on Wednesday as investors awaited the minutes from the Federal Reserve’s most recent policy meeting. Here are the midday movers for July 6:
- Oil company shares tumbled after sold off sharply. Chevron Corp (NYSE:) fell 2%, and Marathon Oil Corporation (NYSE:) fell more than 3%. Halliburton Company (NYSE:) fell 3%.
- Amazon’s (NASDAQ:) deal to offer meal delivery service Grubhub for free to Prime customers for a year is weighing on shares of rival food delivery companies, including Uber Technologies Inc (NYSE:), down 3.5% and DoorDash Inc (NYSE:), down 7.6%.
- Rivian Automotive Inc (NASDAQ:) shares jumped 12% after the electric vehicle maker affirmed it will make 25,000 vehicles this year.
- Norwegian Cruise Line Holdings Ltd (NYSE:) fell 9% even after the cruise operator said it would lift its pre-boarding Covid-19 testing requirement for passengers, subject to local rules.
- Rocket Companies Inc (NYSE:) stock rose 5% after Wells Fargo upgraded it to overweight. Though the housing market has cooled off, Rocket has the ability to capture market share from competitors, the analysts said.
