U.S. equities were mixed at midday as a lower-than-expected consumer inflation rate was offset by new concerns about the impact of tariffs. The S&P 500 and Nasdaq were up, but the Dow Jones Industrial Average fell.
Tesla (TSLA) shares advanced for a second straight session as today’s inflation news added to yesterday’s endorsement of the electric vehicle (EV) maker by President Donald Trump.
Shares of Intel (INTC), Nvidia (NVDA), Broadcom (AVGO), and Advanced Micro Devices (AMD) gained on a report that TSMC (TSM) proposed a joint venture to operate Intel’s chip-fabrication operations. TSMC’s U.S.-listed shares rose as well.
Robinhood Markets (HOOD) shares climbed when Deutsche Bank said the online trading platform was a “good buying opportunity” following the stock’s recent selloff from all-time highs.
Brown-Forman (BF.A; BF.B) shares declined as Canada retaliated against U.S. tariffs, threatening its …