Top Stock Movers Now: Ford, Cleveland-Cliffs, Moderna, and More
U.S. equities were mixed at midday after China accused the U.S. of violating a trade deal the two countries reached last month.
Shares of the "Big Three" U.S. automakers tumbled after President Donald Trump said late Friday he planned to double tariffs on steel imports to 50%.
Shares of Moderna climbed after the FDA approved the drugmaker's new COVID-19 vaccine, mNEXSPIKE, "for use in all adults 65 and older, as well as individuals aged 12-64 years with at least one or more underlying risk factor."U.S. equities were mixed at midday after China hit back at the U.S. and accused Washington of violating a trade deal the two countries reached last month. President Donald Trump said on Friday that China had "totally violated" the truce they struck in Geneva.
The Dow Jones Industrial Average was down 0.5% and the S&P 500 slipped 0.1%. The Nasdaq was up 0.2%.
Science Applications International Corp. (SAIC), or SAIC, shares dropped after the technology firm reported fiscal 2026 first-quarter profit and free cash flow below analysts' expectations.
Shares of "Big Three" U.S. automakers General Motors (GM), Ford (F), and Chrysler parent Stellantis (STLA) tumbled after Trump said he planned to double tariffs on steel imports to 50%.
By contrast, Cleveland-Cliffs (CLF), Steel Dynamics (STLD), and Nucor (NUE) were among U.S. steelmakers whose stocks jumped on Trump's plan to lift steel tariffs.
Shares of Moderna (MRNA) gained after the Food and Drug Administration (FDA) approved the drugmaker's new COVID-19 vaccine, mNEXSPIKE, "for use in all adults 65 and older, as well as individuals aged 12-64 years with at least one or more underlying risk factor."
Blueprint Medicines (BPMC) shares jumped after French drugmaker Sanofi (SNY) agreed to buy the Cambridge, Mass.-based biopharma firm for up to $9.5 billion.
Oil and gold futures surged. The yield on the 10-year Treasury note gained. The U.S. dollar lost ground to the euro, pound, and yen. Major cryptocurrencies were mixed.
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