By Liz Moyer
Investing.com -- Stocks were extending last week's fall on recession fears after the Federal Reserve's signal that rates would stay higher for longer. Here are the midday movers for Dec. 19.
Walt Disney Company (NYSE:DIS) shares were down 4.4% after the movie studio's Avatar: The Way of Water debuted in theaters over the weekend with domestic box office sales of $134 million, falling slightly short of expectations.
Tesla Inc (NASDAQ:TSLA) shares rose more than 3.3% and then gave back nearly all of that, trading up 0.1%. On Sunday, CEO Elon Musk polled his 122 million Twitter followers if he should step aside as the CEO of the social media platform, and a majority voted yes. That could come as a relief to Tesla shareholders, who have worried that Twitter is a distraction from Tesla. Shares of the EV maker are down 57% this year.
Meta Platforms Inc (NASDAQ:META) shares fell 3.8% after the European Union said the Facebook owner might be violating antitrust rules in relation to its online classifieds business and could face a fine.
Warner Bros Discovery Inc (NASDAQ:WBD) shares were down 8%, extending losses from last week after the media company raised its expectations for restructuring costs by $1B.
Wynn Resorts Limited (NASDAQ:WYNN) shares were down 5%. The casino operator has entered a 10-year agreement to renew its license in Macau, the Chinese gambling mecca. But China has also been grappling with a surge in COVID-19 that could threaten tourism.