By Katy Barnato

Toronto-Dominion Bank $(TD)$: Canada's TD said the economic outlook had weakened in the wake of President Trump's tariffs. Still, quarterly earnings soared due to the sale of its investment in Charles Schwab $(SCHW)$. Shares rose more than 3%.

First Solar $(FSLR)$, Enphase $(ENPH)$, SunRun $(RUN)$: Solar stocks sank after the House passed President Trump's tax-and-spending bill. The bill would end some wind- and solar-energy tax credits by 2028 instead of a slower phaseout through 2031.

Zoom (ZM): Shares slipped even though the video-conferencing platform posted better-than-forecast quarterly adjusted earnings, while revenue met expectations.

Lumen Technologies (LUMN): Telecoms conglomerate AT&T $(T)$ will buy Lumen's mass markets fiber business for $5.75 billion. Lumen shares jumped 15%.

Urban Outfitters $(URBN)$: The fashion conglomerate posted double-digit sales growth last quarter, with revenue growing at each of its main brands. Shares surged 21%. Other retailers have warned of tough quarters ahead due to levies.

Snowflake (SNOW): The cloud-software company upped its annual guidance after logging higher quarterly sales. Shares rose 11%.

UnitedHealth $(UNH)$: The Centers for Medicare and Medicaid Services said it would expand its auditing of Medicare Advantage, in a crackdown on overpayment. Shares of the faltering conglomerate and other health insurers fell.

Advance Auto Parts $(AAP)$: The aftermarket car-parts retailer posted better-than-expected quarterly results and backed its 2025 guidance. Shares rocketed 36% higher.

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(END) Dow Jones Newswires

May 22, 2025 09:35 ET (13:35 GMT)

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