Top Stock Movers Now: D.R. Horton, Trump Media & Technology Group, Tesla, and More

U.S. equities bounced back from their recent slump at midday, after a slew of stronger-than-expected earnings reports. The S&P 500, Dow, and Nasdaq were all higher.

Shares of D.R. Horton (DHI) jumped after the home builder beat earnings and revenue estimates and raised its guidance as weakness in the supply of houses boosted sales.

Shares of Alaska Air Group (ALK) flew higher after the airline posted better-than-expected results and guidance as travel demand rose. The news lifted shares of rival carriers as well.

Shares of Donald Trump’s Trump Media & Technology Group (DJT) surged for a second-straight session after falling earlier this week to an all-time low. The operator of the Truth Social social media site told investors how to keep the stock from being loaned to short sellers.

Tesla (TSLA) shares fell as Deutsche Bank downgraded the stock and lowered the price target, citing delays in the manufacture of the EV maker’s Model 2 and its focus on building its robotaxi.

Shares of Equifax (EFX) slumped as the credit score provider posted current-quarter guidance below forecasts and warned a slowdown in mortgage inquiries would continue this year.

Snap-on (SNA) shares declined as the toolmaker’s revenue was short of estimates on a drop in demand for power tools.

Oil futures fell, while gold prices and the yield on the 10-year Treasury note advanced. The U.S. dollar gained on the euro and yen, but lost ground to the pound. Most major cryptocurrencies traded higher.