Fluor Stock Plummets 27% Amid Earnings Miss and Outlook Cut
Fluor's stock dropped 27% following disappointing earnings, which also negatively impacted its outlook for 2025, reflecting investor concerns about the company's future performance.
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Intel's shares rose 2.5% as the chipmaker announced plans to operate its programmable chip unit as a standalone business and conduct an IPO within the next few years. Fluor saw a 2.4% increase in shares after receiving an upgrade to buy from UBS, citing progress on legacy projects. Apple's stock dropped 0.9% after KeyBanc downgraded its rating due to high valuation and expected soft growth in the US. Sunrun and Sunnova shares fell 3% and 2.8% respectively after being downgraded by Truist Securities, citing potential impact from higher interest rates. Moderna's stock rose slightly after announcing positive interim results for its investigational combination vaccine against influenza and Covid.