U.S. equities gained at midday ahead of this week’s earnings reports from some of the biggest names in the tech sector, as well as a key inflation report. The Dow, S&P 500, and Nasdaq were all higher.

Truist Financial ( TFC ) shares climbed as the financial services provider beat profit estimates on a jump in noninterest income.

Shares of Coinbase ( COIN ) and others in the cryptocurrency sector gained following last week’s “halving” of Bitcoin . Bitcoin and most other major digital coins traded higher as well.

Alcoa ( AA ) shares advanced after Morgan Stanley upgraded the stock, pointing to improving profits and potential benefits from the Inflation Reduction Act .

Shares of electric vehicle companies slumped, including Tesla ( TSLA ) and Li Auto ( LI ), after they cut prices in an effort to boost demand for EVs.

Cardinal Health ( CAH ) shares slipped after the company said its contract with UnitedHealth Group’s ( UNH ) OptumRx won’t be renewed.

Shares of Newmont Corporation ( NEM ) and rival gold miners fell along with the price of the precious metal.

Oil futures slipped. The yield on the 10-year Treasury note was little changed. The U.S. dollar rose versus the euro, pound, and yen.