U.S. equities were mixed at midday Wednesday, July 3, 2024 just ahead of the close of a holiday-shortened session after a report showed private sector job creation slowed in June.
Paramount Global shares jumped following reports a new deal has been worked out for Skydance Media to buy Paramount Global.
Shares of Tesla surged for a second-straight session after the electric vehicle (EV) maker exceeded expectations for second quarter deliveries.
U.S. equities were mixed at midday Wednesday just ahead of the close of a
holiday-shortened session
after a report showed private sector job creation
slowed in June
. The S&P 500 and Nasdaq rose, while the Dow slid.
Paramount Global (
PARA
) was the best-performing stock in the S&P 500 following reports majority stakeholder Shari Redstone’s National Amusements and Skydance Media
reached a new deal
for Skydance to take control of the media giant.
Shares of Tesla (
TSLA
) rose for a second-straight session after the electric vehicle (EV) maker
exceeded expectations for second quarter deliveries
.
Shares of mining companies, including Freeport McMoRan (
FCX
) and Newmont Corporation (
NEM
), advanced along with the prices of gold, copper, and other metals.
Biogen (
BIIB
) shares declined after the
Food and Drug Administration (FDA)
approved Eli Lilly’s (
LLY
)
treatment for Alzheimer’s disease
, which will compete with Leqembi, made by Biogen and Japan’s Eisai. Ely Lilly shares were lower as well.
Oil futures rose, while the yield on the 10-year Treasury note tumbled. The U.S. dollar lost ground to the euro, pound, and yen. Prices for most major cryptocurrencies dropped.
