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Key Takeaways

• U.S. equities were little changed at midday after a strong week that saw the S&P 500 set a record high.

• American Express's 2025 revenue guidance was mostly short of analysts' estimates.

• Verizon Communications posted better-than-expected results as it benefited from higher prices.

U.S. equities were little changed at midday after the S&P 500 set a record high yesterday on optimism about earnings and lower interest rates.

American Express (AXP) shares dropped when the credit card and financial services firm gave 2025 revenue guidance that was mostly below analysts' estimates.

American depositary receipts (ADRs) of Ericsson (ERIC) tumbled as the telecom equipment maker's earnings were well short of estimates and it warned that threatened Trump administration tariffs could significantly impact its future results.

CF Industries Holdings (CF) shares slumped when JPMorgan downgraded the stock and cut the price target, citing a likely increase in natural gas prices, which will increase costs for the fertilizer manufacturer.

NextEra Energy (NEE) was the best-performing stock in the S&P 500 following a report the power provider has taken the first step toward possibly restarting a nuclear plant in Iowa.

Shares of Allurion Technologies (ALUR) traded roughly 200% higher after the maker of a gastric balloon weight-loss device announced a study that would combine its product with popular obesity drugs.

Verizon Communications (VZ) shares advanced as higher prices helped the telecom giant beat profit and sales estimates.

Oil futures continued their decline. Gold prices rose. The yield on the 10-year Treasury note fell. The U.S. dollar lost ground to the euro, pound, and yen. Most major cryptocurrencies traded higher.

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