Key Takeaways

U.S. equities were mixed at midday, boosted by tech stocks and a new report showing consumer inflation came in lower than expected. The Nasdaq was up 1.5%, and the S&P 500 rose almost 1%. The Dow Jones Industrial Average edged lower as UnitedHealth Group shares tanked.

Nvidia ( NVDA ) shares advanced as President Trump moved to open up the Saudi Arabia market to artificial intelligence (AI) chips from U.S. firms.

First Solar ( FSLR ) was the best-performing stock in the S&P 500 after an upgrade from Wolfe Research, which pointed to the solar modules manufacturer's strength in the domestic market.

Shares of Super Micro Computer ( SMCI ) gained when Raymond James initiated coverage with an "outperform" rating, calling the computer server maker a market leader in AI-optimized infrastructure.

UnitedHealth Group ( UNH ) shares slumped when the health insurer suspended its guidance because of rising costs, and CEO Andrew Witty stepped down. The news dragged down shares of industry rivals as well.

U.S.-listed shares of Honda Motor ( HMC ) slid after the Japanese carmaker warned new U.S. tariffs will negatively impact full-year results, and it postponed plans for building electric vehicles (EVs) and batteries in Canada because of falling demand for EVs.

Enphase Energy ( ENPH ) shares declined on a downgrade and price target cut from Barclays. Analysts cited concerns about future demand for the firm's residential solar products.

Oil and gold futures gained. The yield on the 10-year Treasury note was higher. The U.S. dollar lost ground to the euro, pound, and yen. Prices for major cryptocurrencies were mixed, with bitcoin slightly higher.

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