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Stock Movers: McDonalds, Qualcomm Fall, CVS & Nvidia Up
Posted
May 1, 2025
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May 1, 2025
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3:20Now PlayingMcDonalds (MCD) is down on reports that US sales fell 3.6% in the first quarter, mainly due to a decline in guest counts. It is the biggest drop in the chain's home market since 2020.
CVS is up on news that the company's drug-benefits unit negotiated a deal to make Novo Nordisk A/S’s Wegovy more widely available to its members.
Qualcomm (QCOM) fell after the company's revenue forecast came in below estimates. The company's outlook has renewed fears about the impact of tariffs on the smartphone market, which is Qualcomm's largest market.
Nvidia (NVDA) is up after CEO Jensen Huang urged President Trump to change regulations for exporting artificial intelligence technology from the US to the rest of the world.
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