By Liz Moyer
Investing.com — U.S. stocks lost steam after Friday’s job’s report showed more jobs were added than expected in June. Here are the midday movers for July 8:
Upstart Holdings Inc (NASDAQ:), the lender that uses artificial intelligence, fell 20% after it warned it wouldn’t meet already lowered profit forecasts for the second quarter.
Spirit Airlines Inc (NYSE:) rose 4% after the company postponed another vote on its pending deal to merge with Frontier Group (NASDAQ:).
GameStop Corp (NYSE:) shares fell 4.4% a day after the company replaced its chief financial officer and announced plans for layoffs.
- Costco Wholesale Corp (NASDAQ:) shares rose 1% after the warehouse retailer announced a gain in June sales, thanks mostly to higher gas prices.
- Amazon.com Inc (NASDAQ:) shares fell 0.8% ahead of the e-commerce giant’s Prime Day sale that starts next week.