By Liz Moyer

Investing.com — U.S. stocks dropped on Thursday, as investors eagerly awaited the release of inflation data on Friday. Below are the June 9 midday Movers: 

• Zendesk Inc Shares of (NYSE:) fell over 10% after customer service software manufacturer said that it has ended its strategic review and had not found any buyers. The company would remain independent.
• Novavax Inc(NASDAQ) Shares fell 15% due to a report that suggested the Food and Drug Administration might delay the approval of Covid-19, the vaccine made by drug maker. The agency is currently reviewing its manufacturing processes.
• Nio (NYSE) Shares fell by 7% after electric vehicle producer announced that it had reported results showing a narrowing profit margin and challenges in its supply chain. This affected the company’s outlook. The revenue beat expectations and the quarter-end loss was lower than anticipated.
• Signet Jewelers LtdThe stock of the (NYSE: ) stock rose almost 9% in response to the more than expected profit and revenue. It also provided an optimistic full year forecast. It plans to increase its share buyback program to $500,000,000.
• Five Below Inc Stock fell 2.8% following the report by discount retailer, although profit exceeded estimates. The retailer lowered its entire year forecast.
• Walt Disney Company(NYSE: ) Shares fell 1.5% when the entertainment company fired Peter Rice, its senior TV content executive. Dana Walden was named to replace Rice. Walden was the chairperson for entertainment within the TV division.