Stocks finished sharply lower Wednesday after consumer prices in the U.S. jumped in April by the most since 2009.
Here are some of the big movers in the stock market on Wednesday:
1. FuboTV | Increase 9.9%
FuboTV (FUBO) - Get Report climbed after the online sports TV streaming platform posted gains in subscribers and revenue in the first quarter, helped by cord-cutting trends that drove a top-line beat of analysts' estimates.
Revenue totaled $119.7 million compared with estimates of $103.6 million.
2. Domino's Pizza | Increase 0.7%
The Wall Street Journal reported that Ackman's Pershing Square Capital had taken a 6% stake in Domino's.
3. Second Sight Medical Products | Increase 26%
Shares of Second Sight Medical Products (EYES) - Get Report, which develops technology to help the visually impaired, jumped after the company reported progress with its Orion Visual Cortical Prosthesis.
Jessy Dorn, vice president of clinical and scientific research at Second Sight, called the results of a study "promising."
4. Diageo | Increase 2.3%
Diageo (DEO) - Get Report was showing some spirit after the owner of Johnnie Walker Red and Guinness started the second part of its capital-return plan of up to 1 billion pounds (about $1.41 billion).
The company also expected to buy back shares starting Wednesday, after pausing last year because of the COVID-19 pandemic.
5. Newtek Business Services | Increase 4.6%
Newtek Business Services (NEWT) - Get Report advanced after the asset management company reported quarterly net investment income of $15.2 million, or 68 cents a share, compared with a loss of $300,000, or 1 cent a share, a year earlier.
The company's board also declared a second-quarter cash dividend of 70 cents a share.