Today’s top U.S. stocks: SVB Financial Group (SIVB ↑11.4%), Kimberly-Clark Corporation (KMB ↑9.6%)
See the 10 biggest gainers on the New York Stock Exchange and Nasdaq on Apr. 22, 2022
US stocks slumped Friday as the market braces for a more aggressive interest rate hike in May that could push the economy into a recession. The decline came even as 79% of the companies that have reported earnings so far beat Wall Street estimates, according to Charles Schwab.
The S&P 500 Index and the Dow Jones Industrial Average both declined 2.8% Friday, reversing all their gains earlier in the week. The Nasdaq slumped, deepening this week’s loss.
Despite the downturn, SVB Financial Group (SIVB, up 11.4%) and Kimberly-Clark Corp. (KMB, up 9.6%) posted gains, becoming the best performing companies today.
Top movers in U.S. markets Friday, Apr. 22, 2022
SVB Financial (SIVB) shares rose 11.4% to $560.35 after the company raised its full year revenue outlook. CEO Greg Becker said the company will “invest part of the upside from rising rates into our business to support our continued momentum and leadership in the innovation economy.”
Learn more about investing in SVB Financial in Finder’s full guide.
The second-best mover was Kimberly-Clark(KMB), the NYSE company. The company boosted its net sales growth outlook to 2% to 4% from an initial range of 1% to 2%. The maker of tissue and Huggies diapers could offset inflation by raising prices, keeping it on track to meet its sales target, Luzi Ann Javier, a markets editor at Finder, said.
Find out more about investing in Kimberly-Clark Corporation in Finder’s full guide.
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Here’s a fuller list of the biggest gainers on the market so far today.
|SVB Financial Group (SIVB)||$560.35||11.4%|
|Kimberly-Clark Corporation (KMB)||$140.37||9.6%|
|Huaneng Power Intl (HNP)||$18.67||8.4%|
|Schlumberger N.V. (SLB)||$42.84||5.4%|
|Huazhu Group Limited ADRs (HTHT)||$30.65||5.2%|
|JD.com Inc. ADRs (JD)||$52.99||4.5%|
|Trip.com Group Limited ADRs (TCOM)||$22.40||3.9%|
|NetEase Inc. ADRs (NTES)||$88.86||3.7%|
|China Eastern Airlines Corp. (CEA)||$16.54||3.6%|
|United Airlines Holdings Inc. (UAL)||$52.64||3.5%|
Market movers Friday, Apr. 22, 2022
Each weekday we round up the biggest gainers on the NYSE and Nasdaq, ranked by price percentage from market open to market close. To avoid higher price volatility we only include stocks with market caps of more than $10 billion. Price changes are calculated from the open to the close on the trading day, but these prices may be subject to minor variation depending on data availability.
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