Key Takeaways
- U.S. equities were mostly lower at midday as tech stocks dragged down the Nasdaq and S&P 500.
- Worries about new restrictions on its chip sales in China sent shares of Nvidia lower.
- Dollar Tree sold its struggling Family Dollar stores to private-equity firms.
U.S. equities were mostly lower at midday, with tech stocks leading the Nasdaq down more than 1%. The 澳洲幸运5官方开奖结果体彩网:S&P 500 was also lower, while the 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average was little changed.
Nvidia (NVDA) shares declined on concerns about possi🦂ble new restrictions onﷺ the chipmaker's sales in China.
Shares of Vertiv Holdings (VRT) tumbled when Barclays lowered the price target, arguing that first-quarter orders might nꦦot be enough to meet revenue expectations.
Tesla (TSLA) shares are on track to end lower, which would s꧃nap a five-day winning streak for the electric vehicle (EV) maker.
Dollar Tree (DLTR) shares jumped after the discount retailer sold its struggling Family Dollar stores to 澳洲幸运5官方开奖结果体彩网:private-equity firms for $1 billion. Shares of rival Dollar General (DG) also advanced.
Shares of Cintas (CTAS) climbed when the provider of uniforms and other workplace products posted better-than-anticipated results and boosted its profit outlook as it benefited from ac꧃quisitions.
Chewy (CHWY) shares gained when the online pet supplies retailer also posted better-th🔴an-antic𝔉ipated results as it added more customers and automatic payment sales increased.
Oil futures were higher. Gold prices fell. The yield on the 10-year Treasury note was up. The U.S. dollar climbed versus the euro, pound, and yen. Most major cryptocurrencies traded lower.
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