U.S. equities were mixed midday Wednesday before the close of a holiday-shortened session, with the S&P 500 and Nasdaq rising, while the Dow slid. Paramount Global (PARA) led the S&P 500 as Shari Redstone’s National Amusements and Skydance Media struck a deal for Skydance to control the media giant.
Tesla (TSLA) shares rose for a second session after exceeding second-quarter delivery expectations. Mining companies like Freeport McMoRan (FCX) and Newmont Corporation (NEM) saw gains with rising gold, copper, and metal prices.
Biogen (BIIB) shares fell following FDA approval of Eli Lilly’s (LLY) Alzheimer’s treatment, a competitor to Biogen’s Leqembi. Eli Lilly shares also dropped.
Oil futures rose, the 10-year Treasury yield tumbled, and the U.S. dollar weakened against the euro, pound, and yen. Major cryptocurrencies mostly declined.