Top Stock Movers Now: Nvidia, Broadcom, Intel, and More
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U.S. equities fell at midday on weak economic reports and worries about new tariffs from the Trump administration.
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Kroger’s CEO stepped down following an internal investigation of his personal conduct.
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Tesla gets Morgan Stanley’s “Top Pick” in the U.S. auto sector.
U.S. equities were lower at midday as soft reports on manufacturing and construction combined with concerns about upcoming U.S. tariffs to drag stocks down. The Dow Jones Industrial Average, S&P 500, and Nasdaq all fell.
Shares of Nvidia (NVDA) and Broadcom (AVGO) slipped on a report the two are testing Intel’s (INTC) chip manufacturing process. Intel shares rose.
Kroger (KR) shares declined when CEO Rodney McMullen resigned following an internal investigation of his personal conduct by the biggest U.S. grocery chain.
Sunnova Energy International (NOVA) shares plunged to an all-time low after the solar power company warned it may not be able to “continue as a going concern” as it faces slumping demand for its products.
Tesla (TSLA) shares rose when Morgan Stanley made the electric vehicle (EV) maker its “Top Pick” in the U.S. automobile sector, pointing to the company’s expansion into artificial intelligence (AI) and robotics.
Shares of Strategy (MSTR), the largest corporate holder of bitcoin, Coinbase Global (COIN), and other cryptocurrency-related firms climbed after President Trump said the U.S. would create a strategic crypto reserve.
Las Vegas Sands (LVS) shares gained when the hotel and casino operator terminated a long-running credit facility.
Oil futures declined. Gold prices advanced. The yield on the 10-year Treasury note dropped. The U.S. dollar lost ground to the euro, pound, and yen. After initially gaining on the Trump news, prices for most major cryptocurrencies slid.
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