Top Stock Movers Now: PayPal, UPS, F5, and More

Michael Nagle / Bloomberg via Getty Images UPS shares jumped as investors cheered the shipping giant's turnaround efforts

Key Takeaways

Major U.S. equities indexes climbed to fresh intraday highs Tuesday in the wake of strong corporate earnings and as the Federal Reserve's two-day meeting kicked off. United Parcel Service shares surged after the shipping giant posted strong quarterly results. Shares of Royal Caribbean Cruises dropped after the cruise operator's quarterly revenue missed analysts' expectations.

Major U.S. equities indexes climbed to fresh intraday highs Tuesday in the wake of strong corporate earnings and as the Federal Reserve's two-day meeting kicked off. The Dow Jones Industrial Average, Nasdaq, and S&P 500 all set fresh records for a third straight session.

PayPal (PYPL) stock soared after the company inked a deal with OpenAI to have its digital wallet embedded into ChatGPT for purchases.

United Parcel Service (UPS) shares surged after strong quarterly results as investors cheered the shipping giant's turnaround efforts.

Sherwin-Williams (SHW) was the best-performing stock in the Dow after the paint supplier delivered third-quarter earnings that topped analysts' estimates.

F5 (FFIV) shares sank on a soft outlook after the company said it "anticipates some near-term disruption to sales cycles as customers focus on assessing and remediating their environments" because of a recent cybersecurity incident.

Shares of Royal Caribbean Cruises (RCL) dropped after the cruise operator's quarterly revenue missed analysts' expectations.

CarMax (KMX) stock also slipped as S&P Dow Jones Indices said the company will be removed from the S&P 500 and move to the S&P SmallCap 600 prior to the opening of trading Friday.

Gold and oil futures fell. The yield on the 10-year Treasury note was little changed. The U.S. dollar slipped against the yen and euro, and rose against the pound. Major cryptocurrencies were mixed.

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