Top Movers of the Day

Stocks surged Friday after the personal consumption expenditures price index matched expectations, leading to predictions of a September interest-rate cut from the Fed.

Here are the top stock movers:

3M soared 23% to a 52-week high after posting better-than-expected Q2 earnings of $1.93 per share, beating estimates of $1.68. Revenue also exceeded expectations.

Dexcom plummeted 40.7% after missing Q2 revenue expectations and offering weak full-year guidance, reporting $1 billion in revenue versus the $1.04 billion expected.

Coursera surged 44.7% after reporting $170 million in Q2 revenue, beating the $164 million estimate, despite a loss of 15 cents per share, against expectations of 1 cent per share earnings.

Newell Brands jumped 40.5% on Q2 adjusted earnings of 36 cents per share, surpassing the 21 cents estimate, although revenue was slightly below expectations at $2.03 billion versus $2.05 billion.

Deckers Outdoor climbed 6.3% on better-than-expected fiscal Q1 earnings of $4.52 per share and $825 million in revenue, beating estimates of $3.48 per share and $808 million.

Boston Beer rose 7.5% after reaffirming its full-year earnings outlook despite weak Q2 earnings of $4.39 per share on $579 million in revenue, below estimates of $5.02 per share and $597 million.

Mohawk Industries rallied 19.5% on strong Q2 adjusted earnings and cost-cutting initiatives expected to save $100 million annually.

Bristol Myers Squibb surged 11.4% after beating Q2 estimates with earnings of $2.07 per share on $12.20 billion in revenue, exceeding forecasts of $1.63 per share and $11.55 billion. Revenue rose 9%, driven by Eliquis sales.

Norfolk Southern gained 10.9% on Q2 adjusted earnings of $3.06 per share, beating the $2.86 estimate, with revenue in line with expectations.

WW International fell 12.5% after a Morgan Stanley downgrade, citing obesity medications as a long-term headwind.

Charter Communications rose 16.6% on better-than-expected Q2 revenue of $13.69 billion and adjusted EBITDA of $5.67 billion, surpassing forecasts of $13.59 billion and $5.48 billion.

Coinbase gained 4.9% as Bitcoin rose over 4%.

Southwest Airlines slipped 3% after a Deutsche Bank downgrade to hold from buy, following a profit slide in Q2 and major business changes, including eliminating open seating.