Stocks making the biggest moves midday: Moderna, Morgan Stanley, GE and more

Stocks making the biggest moves midday: Moderna, Morgan Stanley, GE and more

— Moderna shares surged 5.6% after the company said its Covid vaccine showed promise in a lab setting in , including the highly contagious delta variant first identified in India. Banks — Big banks saw their shares gain after announcing dividend increases following the Fed's latest stress tests. shares gained 4% after the bank said it would . shares added 1.8% as the bank announced it would boost its dividend by 60%. Meanwhile, saw its shares dip 1.1% after it was the only major bank to not commit to any specific dividend increases. , — Homebuilder stocks rose on Tuesday as the S&P CoreLogic Case-Shiller Index showed that on an annual basis in April. Several major U.S. cities saw their highest annual price gains on record. Shares of Lennar rose 1.6%, while PulteGroup jumped 2.3%. — General Electric shares added 2.1% after . "We view GE as the ultimate self-help, re-opening levered story in Industrials," Goldman Sachs' Joe Ritchie said in a note released Tuesday. – Shares of the furniture company dipped 6.6% after its fiscal fourth quarter earnings report. The company beat top and bottom line estimates for the period, earning an adjusted 56 cents per share on $621.5