Midday movers: Micron, Peloton, CarMax and more

Investing.com — Stocks are rising as bond yields ease back from multiyear highs as investors brace for a possible government shutdown this weekend.

Here are the stocks making moves on Thursday.

• Micron (NASDAQ:) shares slumped 4.6% after it delivered an earnings forecast for its fiscal first quarter that missed analysts’ expectations. However, Micron guided for revenue of $4.40 billion — plus or minus $200 million — in its current quarter, topping projections of $4.20B.
• Peloton Interactive (NASDAQ:) shares jumped 5.7% after the exercise equipment firm announced a five-year partnership with athleisure brand Lululemon (NASDAQ:). Lulu’s shares were up 0.1%
• Apple (NASDAQ:) shares are up 0.1% following a report in the Wall Street Journal that the new high-end versions of the tech giant’s iPhone 15 are facing overheating issues.
• Accenture (NYSE:) shares dipped 4.9% after the IT services group unveiled full-year earnings and first-quarter revenue guidance that missed expectations.
• CarMax (NYSE:) shares tumbled 9.9% after the used-car retailer reported weaker-than-anticipated quarter profit due to slipping demand for pre-owned vehicles.
• Workday (NASDAQ:) shares slid 9% after the software group said it expects annual subscription revenues to grow by 17% to 19%, which was below analyst estimates cited by Bloomberg News.
• Gritstone (NASDAQ:) shares surged 22.7% after the American biotech group won a $433 million contract from the U.S. government to conduct a mid-stage study of its mRNA COVID-19 vaccine candidate.