US equities fell at midday, with tech stocks driving the decline, as Chinese officials launched an investigation into Nvidia for possible monopolistic practices. Meanwhile, Hershey shares surged after Mondelez International considered acquiring the chocolate maker.
Nvidia’s shares dropped, while Omnicom Group and Interpublic Group shares saw mixed reactions following their merger announcement. Comcast’s shares sank as it predicted a significant loss of broadband subscribers in the current quarter.
Hershey’s gain was attributed to a report on Mondelez’s potential acquisition interest. Super Micro Computer’s shares rose after a delay in Nasdaq’s possible delisting, giving the company more time to file its annual report. Enphase Energy’s collaboration with NextEnergy also contributed to an increase in its shares.
Oil and gold futures rose, while cryptocurrency prices fell. The 10-year Treasury yield increased, and the US dollar traded mixed against other currencies.
Source: https://www.investopedia.com/top-stock-movers-now-nvidia-hershey-supermicro-and-more-8758252