Market Movers | Celestica Surges 11%; Royal Caribbean Jumps 7%; GM Gains 5%; Corning Drops 2%; HSBC Sinks 7%

Celestica shares surged 11% on Tuesday after the Canadian electronics manufacturer reported third-quarter earnings and revenue above analyst expectations and raised its full-year outlook, as booming demand for artificial intelligence infrastructure continues to drive growth.

Royal Caribbean stock jumped 6.7% after the cruise-line operator beat Wall Street's earnings target and raised its full-year guidance.

General Motors shares gained 5% in morning trading. The company said on Tuesday it would transfer the listing of its common stock to ​Nasdaq from the New York Stock Exchange, joining ‌a growing number of companies looking to align themselves with the tech-heavy exchange.

UPS shares rose 2.6% in morning trading. The company raised its annual revenue and profit forecasts on Tuesday after beating quarterly earnings estimates, helped by higher-margin international air shipments and as ​it cut doorstep deliveries of millions of unprofitable packages for Amazon.

Corning stock dropped 2.1% although the optical networking company reported better-than-expected third-quarter earnings.

HSBC shares slid 6.9% on Tuesday after revenue undershot estimates and growth at its ​wealth business slowed, highlighting the challenge big banks face to sustain recent record profits.