US equities rose less than 0.2% at midday as investors remained optimistic about trade deals and inflation, despite falling consumer sentiment.
Key losers included Applied Materials (AMAT), which missed revenue forecasts due to slumping sales in China, sending its shares plummeting. Cava Group also fell after delivering a disappointing full-year outlook, despite beating profit and sales estimates.
On the other hand, some stocks rose as investors took advantage of recent developments:
* Charter Communications’ acquisition of Cox Communications for $34.5 billion boosted its shares.
* Vistra’s purchase of seven natural gas generation facilities from Lotus Infrastructure Partners increased its value.
* Virgin Galactic Holdings made a strong showing with better-than-expected results and new flight plans.
Global markets also saw shifts in oil and gold prices, with futures advancing and the US dollar rising against major currencies. Cryptocurrencies traded higher as well, despite no major news updates.
Source: https://www.investopedia.com/top-stock-movers-now-charter-communications-vistra-cava-group-and-more-11736318