December 15, 2024
U.S. equities were mostly lower at midday Wednesday, a day after the Dow Jones Industrial Average and the S&P 500 closed at fresh record highs. The Dow and the S&P 500 were down, and the Nasdaq was little changed.
Hewlett Packard Enterprise ( ) shares jumped following an upgrade and price target increase from Barclays on the information technology firm’s reach into the artificial intelligence (AI) market.
An AI play lifted shares of Salesforce ( CRM ), which bought startup data management provider Zoomin for $450 million.
Cintas ( CTAS ) shares climbed after the uniform and other business supplies provider posted better-than-expected results and raised its guidance as its gross margin improved.
General Motors ( GM ) and Ford Motor ( F ) shares fell following downgrades from Morgan Stanley, which pointed to competition from Chinese automakers.
Shares of Global Payments ( GPN ) declined when the financial technology firm told investors it was updating its “strategic focus” as it gave guidance for the next three fiscal years.
Visa ( V ) shares declined for a second day on word the U.S. Department of Justice (DOJ) has filed an antitrust lawsuit against the payment processor.
Oil futures dipped. Gold prices reached another all-time high. The yield on the 10-year Treasury note gained. The U.S. dollar was up on the euro, pound, and yen. Most major cryptocurrencies moved lower.
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