By Sam Boughedda
Investing.com -- U.S. stocks are on the slide Tuesday, with the Nasdaq leading the charge, falling over 3%. Here are the midday movers on Tuesday, April 26th.
Tesla Inc (NASDAQ:TSLA) shares are down 9.5% around midday following news that its CEO Elon Musk will acquire Twitter for $54.20 per share in cash.
Twitter Inc (NYSE:TWTR), on the other hand, is down 2.9% following the news of its acquisition and the broader tech stocks sell-off Tuesday.
General Electric Company (NYSE:GE) has plunged 12% despite topping earnings and revenue estimates. The company, however, said it sees inflation and supply chain challenges.
United Parcel Service (NYSE:UPS) stock is 4.4% below Monday's close despite beating earnings and revenue estimates. The shipping and logistics giant initially rose following the report.
Sherwin-Williams Co (NYSE:SHW) is up 8.4% after beating earnings and revenue forecasts and stating it believes it is "through the worst of the industry supply chain challenges."
Valero Energy Corporation (NYSE:VLO) is up 5.31% after the refiner reported a Q1 profit. The company benefitted from a strong refining margin and higher demand for fuel and refined products.