Top Stock Movers Now: Palantir, Apple, DaVita, and More

KEY TAKEAWAYS

The major U.S. equities indexes edged higher at midday Monday after President Trump
temporarily exempted
smartphones, computers, and other electronics from his
“reciprocal” tariffs
.

Palantir Technologies (

PLTR

) shares jumped after the
North Atlantic Treaty Organization (NATO)
announced it
acquired
the firm’s
artificial intelligence
-enabled military system.

Shares of Apple (

AAPL

), which manufactures a lot of its products in China,
rose
on the temporary pause of tariffs on consumer electronics.

Intel (

INTC

) shares surged after it
struck
a deal to sell 51% of its programmable chip business Altera to private equity firm Silver Lake.

DaVita (

DVA

) shares fell after the kidney disease treatment company
revealed
it had suffered a ransomware attack.

Hilton Worldwide Holdings (

HLT

) shares also lost ground after Goldman Sachs reportedly downgraded the hotel chain to a “neutral” from a “buy” rating, as it issued a downbeat outlook on U.S. lodging firms.

Crude oil futures slid and the yield on the 10-year Treasury note edged lower. The U.S. dollar lost ground against the euro, yen and pound. Prices for major cryptocurrencies rose.

Read the original article on
Investopedia