U.S. equities experienced a modest rise midday as optimism regarding trade agreements and inflation countered a decline in consumer sentiment. The Dow Jones Industrial Average, S&P 500, and Nasdaq each increased by less than 0.2%.
Applied Materials (AMAT) underperformed in the S&P 500 after missing revenue projections due to a slump in sales within China.
Cava Group (CAVA) saw its shares drop following a lackluster full-year forecast, despite beating estimates on profit and sales.
Novo Nordisk (NVO) shares declined in the U.S. after the pharmaceutical company replaced CEO Lars Fruergaard Jørgensen amid losing market share to competitors in the weight-loss drug sector.
Charter Communications (CHTR) shares climbed after acquiring rival Cox Communications for $34.5 billion, including debt.
Vistra (VST) shares rose after purchasing seven natural gas generation facilities from Lotus Infrastructure Partners for $1.9 billion.
Virgin Galactic Holdings (SPCE) surged following better-than-expected results, reduced expenses, new flight announcements, and price increases.
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