By Liz Moyer
Investing.com — Stocks wobbled on an abbreviated day of trading as investors look toward the Federal Reserve’s meeting next month. Here are the midday movers for Nov. 25:
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Manchester United Ltd (NYSE:)shares jumped 15% on speculation about the UK football club’s recent announcement it would seek strategic alternatives, including a possible sale.
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Coinbase Global Inc (NASDAQ:)shares fell 3% after crypto exchange Binance committed $1 billion to a recovery fund for the industry after the collapse of FTX. The price of fell 0.8%, under $16,500.
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Apple Inc (NASDAQ:)stock fell 1.9% on worries about new Covid-related lockdowns in China as the country tries to contain a new outbreak. The lockdowns have contributed to unrest at the Foxconn factory that makes iPhones.
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Amazon.com Inc (NASDAQ:)shares fell 0.5% as Black Friday kicked off the tradition start to holiday shopping season in the U.S. Cyber Monday is traditionally the big day for online shopping. Walmart Inc (NYSE:) shares were flat, as were Target Corporation (NYSE:) shares.
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American Airlines Group (NASDAQ:)shares rose 1.9% as people returned to the skies in nearly the same numbers they did before the pandemic. United Airlines Holdings Inc (NASDAQ:) shares rose 1.9%, too.
