© Reuters
Investing.com — U.S. stocks are rising after Arm Holdings rose in its trading debut and as economic data pointed to a resilient consumer.
Here are some of the biggest U.S. stock movers today:
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Arm Holdings (NASDAQ:) rose 17% in its trading debut after pricing its initial public offering at $51 a share, touching the top end of its indicated range. Peers Nvidia (NASDAQ:) and Advanced Micro Devices (NASDAQ:) rose 0.1% and fell 0.3%, respectively.
- AMC Entertainment (NYSE:) stock rose 0.6% after the cinema chain announced that it garnered about $325.5 million in new equity capital through the sale of 40 million shares.
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Vital Energy (NYSE:) stock fell 5.9% after the company signed agreements valued at about $1.17 billion to expand its acreage in the Permian Basin, the highest producing oil field in the U.S..
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HP (NYSE:) stock fell 1.8% after Warren Buffett’s Berkshire Hathaway (NYSE:) sold about 5.5 million shares of the information technology company, according to a filing.
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Starbucks (NASDAQ:) stock rose 0.6% after the coffee chain announced that former CEO Howard Schultz is stepping down from its board, marking his exit from leadership at the company.
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Etsy (NASDAQ:) stock rose 2.6% after Wolfe Research upgraded the online marketplace to ‘outperform’ from ‘peer perform’, expecting growth to improve when the economy strengthens.
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Carnival (NYSE:) stock rose 3.4% after Redburn upgraded its stance on the cruise operator to ‘buy’ from ‘neutral’, suggesting potential upside of over 50%.
—Peter Nurse contributed to this report
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