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Key Takeaways

• U.S. equities were mixed at midday, boosted by tech stocks and a new report showing consumer inflation came in lower than expected.

• The Nasdaq was up 1.5%, and the S&P 500 rose almost 1%. The Dow Jones Industrial Average edged lower as UnitedHealth Group shares slumped.

• Nvidia shares advanced as President Trump moved to open up the Saudi Arabia market to artificial intelligence chips from U.S. firms.

U.S. equities were mixed at midday, boosted by tech stocks and a new report showing consumer inflation came in lower than expected. The Nasdaq was up 1.5%, and the S&P 500 rose almost 1%. The Dow Jones Industrial Average edged lower as UnitedHealth Group shares tanked.

Nvidia (NVDA) shares advanced as President Trump moved to open up the Saudi Arabia market to artificial intelligence (AI) chips from U.S. firms.

First Solar (FSLR) was the best-performing stock in the S&P 500 after an upgrade from Wolfe Research, which pointed to the solar modules manufacturer's strength in the domestic market.

Shares of Super Micro Computer (SMCI) gained when Raymond James initiated coverage with an "outperform" rating, calling the computer server maker a market leader in AI-optimized infrastructure.

UnitedHealth Group (UNH) shares slumped when the health insurer suspended its guidance because of rising costs, and CEO Andrew Witty stepped down. The news dragged down shares of industry rivals as well.

U.S.-listed shares of Honda Motor (HMC) slid after the Japanese carmaker warned new U.S. tariffs will negatively impact full-year results, and it postponed plans for building electric vehicles (EVs) and batteries in Canada because of falling demand for EVs.

Enphase Energy (ENPH) shares declined on a downgrade and price target cut from Barclays. Analysts cited concerns about future demand for the firm's residential solar products.

Oil and gold futures gained. The yield on the 10-year Treasury note was higher. The U.S. dollar lost ground to the euro, pound, and yen. Prices for major cryptocurrencies were mixed, with bitcoin slightly higher.

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