Top Stock Movers Now: Target, La-Z-Boy, Hormel Foods, and More - Yahoo Finance

This Investopedia article covers midday U.S. stock market movements and highlights key individual stock performances during a mixed trading session.

U.S. equities faced downward pressure at midday, with tech stocks leading the decline for a second consecutive session. The Nasdaq dropped 1% while the S&P 500 also fell, though the Dow Jones remained relatively stable. Mixed earnings reports added to market uncertainty as investors weighed corporate performance against broader economic concerns.

• AI-related stocks including Palantir Technologies and Nvidia continued declining amid concerns about potential corporate AI spending slowdowns • Target shares tumbled after the retailer replaced its CEO and reported another revenue drop, while TJX Companies gained on strong earnings that exceeded profit forecasts • Hormel Foods received a JPMorgan upgrade based on growing consumer demand for protein-rich foods with fewer artificial ingredients • Oil and gold futures climbed while Treasury yields slipped, with mixed performance across major currencies and generally higher cryptocurrency prices