Market Recap

These Stocks Are Moving the Most Today: Applied Materials, HR Block, and More

Market Recap

Stocks on Friday opened mixed with markets largely continuing their pullback from a record-breaking session on Wednesday.

Stocks in Focus

Applied Materials (AMAT)

Applied Materials reported fiscal third-quarter earnings and revenue that beat Wall Street expectations. The company attributed its strong performance to continued demand for artificial intelligence (AI) chips.

HR Block (HRB)

HR Block reported fourth-quarter financial results that exceeded estimates. The company also increased its quarterly dividend by 10%.

Other Notable Movers

* **Bayer (BAYN)** is up over 2% after reporting positive results from its Phase 3 trial for a potential Alzheimer's treatment. * **Bavarian Nordic (BVNRY)** is up nearly 5% following an announcement of a new partnership with Moderna to develop and manufacture mRNA vaccines.

Key Stats

* Applied Materials' revenue increased by 21% year-over-year to $6.72 billion. * HR Block's earnings per share increased by 12% year-over-year to $3.49. * The S&P 500 index is down 0.3% as of market open.

News Sources

* [CNBC](https://www.cnbc.com/2023/05/19/stock-market-news-live-updates.html) * [Yahoo Finance](https://finance.yahoo.com/news/) * [Bloomberg](https://www.bloomberg.com/markets/)