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Key Takeaways

• U.S. equities gained at midday when the U.S. and U.K. struck a new trade deal.

• EPAM Systems beat quarterly results, raised its outlook, and announced a new CEO.

• Match Group is cutting jobs and undergoing a reorganization as its earnings and revenue slid.

U.S. equities advanced at midday as President Donald Trump announced a new trade deal with the United Kingdom. The Dow Jones Industrial Average, S&P 500, and Nasdaq all rose.

EPAM Systems (EPAM) shares took off when the business tech provider posted better-than-expected results and raised its outlook as its IT services revenue grew, and it introduced a new CEO.

Axon Enterprise (AXON) also beat profit and sales forecasts and boosted its guidance on demand for the Taser maker's new artificial intelligence (AI) policing tool.

U.S.-listed shares of Anheuser-Busch InBev (BUD) climbed after the world's biggest beer company's profit exceeded estimates as it cut costs.

The outcome wasn't the same for AB InBev rival Molson Coors Beverage Company (TAP), which saw shares tumble when the brewer lowered its guidance and announced plans to reduce spending on concerns macroeconomic conditions will cause a drop in consumer spending.

Shares of Match Group (MTCH) slid when the operator of dating apps announced layoffs and a reorganization after profit and sales declined.

Shares of Eli Lilly (LLY) and other pharmaceutical firms fell on a report President Trump will move to slash Medicare drug prices.

Oil futures gained. Gold prices dropped. The yield on the 10-year Treasury note increased. The U.S. dollar was up on the euro and yen, and was little changed against the pound. Most major cryptocurrencies traded higher.

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