Midday Movers: IBM, CMG & More
Take a look at some of Friday's midday movers:
Broader markets were little changed following a slew of earnings and amid continuous media coverage of terror events stemming from the bombings at the Boston Marathon.
Most of the key S&P large-cap sectors were in the green.
IBM was the worst performer on the S&P 500 after disappointing investors with its first-quarter earnings report. IBM is often seen as a barometer of broader economic strength and an indicator of government and corporate tech spending.
Chipotle Mexican Grill was the best performer on the S&P 500 index after the fast-casual restaurant chain delivered better-than-expected quarterly earnings.
Capital One Financial popped after the credit-card company posted first-quarter earnings that beat analysts' expectations and said that it is seeking regulatory approval to begin a share buyback.
Celanese was higher even after the company warned that fiscal 2013 earnings per share growth would be 12 and 14 percent, below the 15 percent that analysts were expecting. Global chemical company Eastman Chemical also surged, reports suggest a move higher in sympathy with Celanese.
Hershey also hit a new all-time high for the third time in the last four sessions.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Lori Spechler
Questions? Comments? Email us at firstname.lastname@example.org