Top Stock Movers Now: Chip Stocks, Spirit Airlines, VF Corp. and More

The S&P 500 and Nasdaq were sinking astir midday connected worries that imaginable authorities interventions could wounded nan semiconductor industry. The Dow was higher.

Shares of Advanced Micro Devices (AMD) and Nvidia (NVDA), New York Registry Shares of ASML Holding (ASML), and American Depositary Receipts (ADRs) of TSMC (TSM) tumbled on a report that nan Biden management whitethorn return stronger action to artifact spot exertion shipped to China, arsenic good arsenic comments from Republican statesmanlike nominee Donald Trump astir nan U.S. defense of Taiwan.

Spirit Airlines (SAVE) shares sank erstwhile nan discount bearer warned of a larger nonaccomplishment and little gross successful nan 2nd 4th because of non-ticket gross that was little than expected. Shares of Five Below (FIVE) plunged aft nan low-cost retailer slashed its outlook and announced that CEO Joel Anderson was stepping down. 

VF Corp. (VFC) shares climbed aft nan clothing institution sold its Supreme streetwear marque to French eyeglass patient EssilorLuxottica for $1.5 cardinal successful cash. Shares of Prologis (PLD) gained erstwhile nan world’s largest business existent property institution boosted its outlook arsenic it sees request improving. U.S. Bancorp (USB) shares precocious aft nan slope reported higher deposits and in installments paper loans. 

Oil futures rose. The value of golden and output connected nan 10-year Treasury statement were small changed. The U.S. dollar slipped against nan euro, pound, and yen. Trading successful astir awesome cryptocurrencies was mixed, pinch bitcoin holding a spot supra $64,000.