Top Stock Movers Now: J&J, ASML, Tesla, and More

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Johnson & Johnson shares rose after the pharmaceutical firm reported quarterly profit and sales that topped analysts' estimates

Key Takeaways

• Major U.S. equities indexes were little changed at midday Wednesday after a report on wholesale inflation showed a surprising slowdown in June.

• Johnson & Johnson shares surged after the company reported quarterly results that topped analysts' estimates.

• HCA Healthcare shares tumbled after a downgrade from Bank of America.
  

Major U.S. equities indexes were little changed at midday Wednesday after a report on wholesale inflation showed a surprising slowdown in June.

Johnson & Johnson (JNJ) shares surged after the pharmaceutical firm reported quarterly profit and sales that topped analysts' estimates. J&J also raised its outlook, anticipating less of an impact from tariffs than previously expected.

Brighthouse Financial (BHF) shares surged following a report that private equity firm Aquarian Holdings could be close to striking a deal to buy the insurer.

Shares of Tesla (TSLA) also gained as the electric vehicle maker announced it was launching a 6-seat Model Y L vehicle in China this fall.

Apollo Global Management (APO) shares rose following a report the private equity firm was in talks to buy a stake in Spanish soccer club Atlético Madrid.

HCA Healthcare (HCA) shares dropped after a downgrade from Bank of America, which pointed to declines in Medicaid and Affordable Care Act payments.

U.S.-listed shares of ASML (ASML) sank after the provider of equipment to make semiconductors said it could not guarantee growth this year because of macroeconomic and geopolitical concerns.

Oil futures slid, while gold prices rose. The yield on the 10-year Treasury note declined. The U.S. dollar lost ground to the euro, pound, and yen. Major cryptocurrencies traded higher.

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