Morgan Stanley dominates midday market moves and earnings reports.
Abbott Laboratories' stock jumped 7.8% after beating Wall Street expectations in its Q1 earnings report, while Netflix's shares fell about 4% after posting a small revenue miss. United Airlines' shares rose 6% after CEO Scott Kirby said the company expects a profit in Q2. CDW's shares plunged 13.7% after reporting weaker-than-expected preliminary quarterly earnings and issuing guidance for its full-year earnings to fall "modestly below" 2022 levels. Peloton Interactive's shares dropped 1.8% after KeyBanc initiated the company as sector weight, citing "macro turbulence, financial distress, and unproven/margin dilutive initiatives" as pressures on Peloton's subscription growth rate and brand uniqueness.