Top Stock Movers Now: Newmont, Texas Instruments, Intel, and More

KEY TAKEAWAYS

The major U.S. equities indexes edged higher at midday Friday after wavering between losses and gains earlier in the session, as investors digested a slew of bank earnings and China
hiked tariffs on U.S. goods
.

Shares of Newmont (

NEM

), which led gains on the S&P 500, and other gold miners surged as the precious metal
hit new highs
.

JPMorgan Chase (

JPM

) shares also climbed after the
bank
kicked off the
new earnings season
with  better-than-expected quarterly results. Morgan Stanley (

MS

) shares also rose after the company reported
record stock-trading
revenue.

Wells Fargo (

WFC

), in contrast, saw its shares slide as the bank’s quarterly net interest income
decline
offset better-than-estimated earnings.

Shares of Texas Instruments (

TXN

) and Intel (

INTC

), which manufacture chips in the U.S., tumbled after China indicated chips manufactured outside America
would be exempt
from China’s steep tariffs on U.S. goods. Shares of Nvidia (

NVDA

), which outsources manufacturing to TSMC (

TSM

) in Taiwan, gained along with shares of TSMC.

The yield on the 10-year Treasury note rose. The U.S. dollar lost ground against the euro, yen and pound. Prices for major cryptocurrencies gained. (Read

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today’s market action here
.)

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