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Midday Movers: CarMax Helps Drive the S&P 500 Higher

U.S. equities bounced back from Wednesday's declines with gains at midday Thursday, Dec. 21, 2023, after several companies reported better-than-expected results.
Wholesale market vehicle sales rose at CarMax, and shares of the used car giant took off.
Paychex shares tumbled after it said macroeconomic pressure on small- and mid-sized businesses hurt demand.

Midday Movers: CarMax Helps Drive the S&P 500 Higher

CarMax Stock Jumps As Earnings Top Expectations, Company Restarts Stock Buyback Program

CarMax shares jumped after quarterly results topped analysts' expectations. The company reported growth in wholesale market sales and a decline in costs, but noted weakness in the retail used car market.

Warner Bros. Discovery, Paramount Reportedly in Merger Talks

Warner Bros. Discovery and Paramount Global are conducting early merger talks, according to a report by Axios.

Toyota Is Recalling More Than 1 Million Vehicles—Here's Why

Toyota is recalling 1.12 million Toyota and Lexus vehicles because of a potentially faulty airbag sensor.

3 Charts For Investors to Watch Thursday: Warner Bros. Discovery, Micron, MCHI ETF

These two stocks and one ETF are worth watching today. We look at the reasons why and identify important chart levels to watch.

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