© Reuters.
By Liz Moyer
Investing.com — Stocks were mixed on Wednesday after another economic report, this one on private payrolls, came in weaker than expected, stoking concerns about a recession. Here are the midday movers for April 5.
- Johnson & Johnson (NYSE:) shares rose 3.6% after the pharmaceutical maker raised its proposed settlement offer for talc claims to $8.9 billion from $2B. It refiled for bankruptcy for the unit it created to hold the claims.
- ConAgra Foods Inc (NYSE:) shares rose 3.3% after the packaged food manager of brands such as Reddi Wip and Slim Jim beat expectations in the fiscal and raised its full-year outlook.
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FedEx Corporation (NYSE:) shares rose 1.3% after it announced plans to raise its dividend and also said it would consolidate its businesses into one unit for greater efficiency.
- Bed Bath & Beyond Inc (NASDAQ:) shares fell 6% after the struggling home goods retailer penned a vendor consignment program that is aimed at helping it stock its shelves.
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NVIDIA Corporation (NASDAQ:) shares fell after Alphabet’s (NASDAQ:) Google offered details about an artificial intelligence supercomputer, calling it faster and more efficient than Nvidia’s offerings.
