Market Movers: Notable Stock Performances and Their Driving Factors

Stocks making the biggest moves premarket: Darden Restaurants, Nvidia, DoorDash, Coursera and more

Check out the companies making headlines before the bell. Darden Restaurants -- Shares advanced nearly 11% after the restaurant operator announced a multiyear partnership with Uber for on-demand delivery later this year. The company reported weaker-than-expected quarterly earnings and revenue, however, as its sales weakened at Olive Garden and its fine dining restaurants. NextEra Energy Partners -- Shares gained 2.6% after Jefferies initiated coverage of NextEra Energy with a buy rating, saying concerns around $3.75 billion in buyouts that the energy company has to handle are already priced into the stock. DoorDash -- The food delivery stock rose more than 3% after an upgrade to buy from neutral at BTIG. The investment firm said that growth still looks strong in the third quarter despite concerns about a weakening consumer. Nvidia , ASML , Arm Holdings , Micron -- Several high-flying semiconductor companies rallied in premarket trading as the market digested the Federal Reserve's decision to cut rates. Shares of AI darling Nvidia added 3.1%, while chipmakers ASML and Arm Holdings jumped 4.8% and 4%, respectively. Memory and storage solutions provider Micron Technology edged 2.5% higher. Five Below -- Shares slipped 1.6% following a downgrade by JPMorgan to underweight from neutral. The bank pointed to the sales decline for a basket of products over the last several quarters and said it sees potential headwinds to 2025 due to labor costs. Coursera -- The online education platform jumped 6.1% following Bank of America's initiation at a buy rating . The bank said Coursera should see margins continuing to grow and revenue reaccelerating. Lennar -- Shares of the homebuilder gained 3.5% ahead of its third-quarter earnings expected after market close. Analysts polled by FactSet are calling for earnings of $3.64 a share on revenue of $9.13 billion for the period, and for its deliveries to be 20,819 for the quarter, which is closer to the higher range of its guidance. Alibaba - Shares rose more than 4% after the Chinese e-commerce company launched more than 100 open-source artificial intelligence models and a text-to-video tool. Alibaba also said it upgraded its proprietary flagship model known as Qwen-Max. FedEx -- Shares rose more than 1% ahead of the shipping giant's first-quarter earnings report due after the bell. Analysts surveyed by FactSet called for earnings of $4.81 per share on revenues of $21.90 billion for the period. Crypto stocks - Stocks tied to the price of bitcoin climbed as the cryptocurrency gained more than 3% in a delayed reaction to the Fed rate cut Wednesday. Exchange operator Coinbase rose 4%, while bitcoin proxy MicroStrategy advanced 5%. -- CNBC's Sean Conlon, Alex Harring, Samantha Subin, Jesse Pound, Brian Evans, Sarah Min and Michelle Fox Theobald contributed reporting.

Stocks making the biggest moves midday: Tesla, Mobileye Global, Darden Restaurants and more

Check out the companies making headlines in midday trading. Tech stocks - Key tech names rallied a day after the Federal Reserve's supersized rate cut decision. Tesla and Meta jumped around 7% and 4%, respectively, while chip darlings Nvidia and ASML each advanced more than 5%. Edgewise Therapeutics - Shares skyrocketed more than 54% after the biopharmaceutical company announced positive top-line trial data for a heart disease treatment. The data showed improved function in patients with hypertrophic cardiomyopathy. Mobileye Global - The stock surged more than 16%. On Thursday, Intel said it had no plan to divest its majority stake in Mobileye. Coursera - The online education platform jumped more than 8% on the back of Bank of America's initiation at a buy rating. The bank said Coursera could see margins continue growing and revenue reaccelerate. Darden Restaurants - Shares rose more than 8% after the operator of restaurants such as Olive Garden and Cheddar's Scratch Kitchen announced a multiyear collaboration with Uber for on-demand delivery starting later this year. This news balanced out Darden's weaker-than expected earnings and revenue in its latest quarterly report. Uber shares rose 3%. Progyny - Shares sank more than 30% after the fertility benefits provider said it was losing a "significant" client. The unnamed client comprised 12% and 13% of Progyny's revenue for the six-month period ended June 30, and the 12-month period ended Dec. 31, 2023, respectively, the company said in a filing postmarket Wednesday. DoorDash - The stock moved about 4% higher thanks to an upgrade to buy from neutral at BTIG. The firm sees more growth for DoorDash in the third quarter as it doesn't believe a weaker consumer will hurt delivery demand. NextEra Energy Partners - The stock rose more than 3% on the heels of Jefferies initiating coverage with a buy rating. The investment firm said the market has already "digested" concerns about handling $3.75 billion in buyouts tied to its convertible equity portfolio. Crypto stocks - Stocks tied to bitcoin's price climbed as the cryptocurrency moved more than 4% higher following the Fed's rate cut on Wednesday. MicroStrategy gained more than 10%, while Coinbase rose around 6%. Five Below - Shares lost nearly 3% after JPMorgan downgraded the discount retailer to an underweight rating, citing ongoing margin and sales concerns Alibaba -- Shares of the Chinese e-commerce giant rose nearly 4% after Alibaba launched more than 100 open-source AI models , known as Qwen 2.5, and boosted the capabilities of its proprietary technology in an effort to increase competition with domestic rivals. The firm also announced a new text-to-video tool based on its AI models. -- CNBC's Alex Harring, Samantha Subin, Lisa Kailai Han, Pia Singh and Michelle Fox contributed reporting.