Deckers, Ross Stores, Intuit, and More

U.S. equities were higher at midday, boosted by tech stocks ahead of the long Memorial Day holiday weekend. The Nasdaq jumped more than 1%, while the Dow and S&P 500 were higher as well.

Deckers Outdoor (DECK) was the best-performing stock in the S&P 500, with shares hitting an all-time high as the fashion footwear company beat profit estimates on soaring sales of its Hoka and Ugg brand shoes.

Shares of Ross Stores (ROST) jumped after the off-price apparel and home goods retailer beat earnings and revenue forecasts as it slashed costs.

Intuit (INTU) shares sank after the maker of financial and other software warned it anticipates losing 1 million free users of its TurboTax tax filing software this fiscal year.

Shares of Workday (WDAY) slumped as the provider of human resources software trimmed its subscription revenue guidance on elevated sales scrutiny and lower customer growth. The news dragged down shares of rival Dayforce (DAY) as well.

Oil futures and gold prices rose. The yield on the 10-year Treasury note was little changed. The U.S. dollar lost ground to the euro, pound, and yen. Trading in most major cryptocurrencies was mixed.