KEY TAKEAWAYS
- 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 澳洲幸运5开奖号码历史查询:China had "totally violated" the truce they struck in Geneva.
The 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average was down 0.5% and the 澳洲幸运5开奖号码历史查询: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 be꧟low analysts' expectatio﷽ns.
Shares of "Big Three" U.S. automakers General Motors (GM), Ford (F), and Chrysler parent Stellantis (STLA) tumbled after Trump said he planned to 澳洲幸运5开奖号码历史查询: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 T𓄧rump's plan to lift steel tariffs.
Shares of Moderna (MRNA) gained after the 澳洲幸运5开奖号码历史查询: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.