economy
Stocks making the biggest moves midday: Apple, Arm Holdings, Broadcom, UnitedHealth & more
Here are the stocks posting the biggest moves in midday trading.
TL;DR
- Apple shares fell nearly 4% amid reports of engineering test setbacks for its foldable iPhone.
- Universal Music Group surged by almost 13% following a large acquisition offer from Pershing Square Capital Management.
- Arm Holdings dropped over 4% after Morgan Stanley downgraded the stock, citing near-term risks.
- Broadcom gained 4% after agreeing to supply AI chips to Google and expanding a deal with Anthropic.
- Oil stocks, including Chevron and Diamondback Energy, were mostly higher as crude futures surpassed $114 a barrel.
- Healthcare stocks like UnitedHealth, Humana, and CVS Health advanced significantly after a finalized payment increase for Medicare Advantage plans.
- Travel stocks, such as Norwegian Cruise Line, were lower due to elevated oil prices.