Top Stock Movers Now: Broadcom, AMD, ResMed, and More | Global News Avenue

Top Stock Movers Now: Broadcom, AMD, ResMed, and More

Main points

• Major U.S. stock indexes were mixed at midday Monday, kicking off a holiday-shortened trading week.
• Chip stocks rose, led by Broadcom and Advanced Micro Devices after analysts were bullish.
• ResMed shares tumbled and Eli Lilly shares rose after the FDA approved its weight-loss drug Zepbound to treat some sleep apnea patients.

Major U.S. stock indexes were mixed at midday on Monday Holiday-shortened trading week. The market will Closed early Tuesday Christmas Eve and remains closed over the Christmas period. The Dow Jones was lower, while the S&P 500 and Nasdaq were higher.

Chip stocks rise, led by BroadcomAVGO) cited the chipmaker after a UBS analyst raised his price target on the stock. Artificial Intelligence (AI) Revenue growth. AMD Semiconductor Corporation (AMDThe company’s shares also jumped after Rosenblatt analysts called it a “top pick” for AI-driven potential.

Tesla (TeslaBarclays shares rose after Barclays analysts suggested the electric vehicle (EV) maker could report better-than-expected fourth-quarter deliveries.

Xerox Holdings stock (XRX) after office supplies maker rallied Acquires rival Lexmark International for $1.5 billion.

Shares of sleep apnea machine maker ResMed (RMD) then plummeted U.S. Food and Drug Administration (FDA) Approved by Eli Lilly and Company (Li Lai) Weight loss treatment Zepbound to Treating some sleep apnea patients. Eli Lilly shares rose.

Nordstrom stock (Jiangxi Network) fell after the retailer announced it was on sale Privatization Created by its founding family and a Mexican retail group.

Oil and gold futures fell. The 10-year Treasury yield rose. The dollar was higher against the euro, pound and yen. Prices are lower for most major cryptocurrencies.