In This Article:
David Paul Morris / Bloomberg / Getty Images
Palantir CEO Alex Karp during the AIPCon conference in Palo Alto, California, on March 13, 2025KEY TAKEAWAYS
-
The major U.S. equities indexes edged higher at midday Monday after President Trump temporarily exempted smartphones, computers, and other electronics from his "reciprocal" tariffs.
-
Palantir Technologies shares jumped after the North Atlantic Treaty Organization announced it acquired the firm's artificial intelligence-enabled military system.
-
DaVita shares fell after the kidney disease treatment company revealed it had suffered a ransomware attack.
The major U.S. equities indexes edged higher at midday Monday after President Trump temporarily exempted smartphones, computers, and other electronics from his "reciprocal" tariffs.
Palantir Technologies (PLTR) shares jumped after the North Atlantic Treaty Organization (NATO) announced it acquired the firm's artificial intelligence-enabled military system.
Shares of Apple (AAPL), which manufactures a lot of its products in China, rose on the temporary pause of tariffs on consumer electronics.
Intel (INTC) shares surged after it struck a deal to sell 51% of its programmable chip business Altera to private equity firm Silver Lake.
DaVita (DVA) shares fell after the kidney disease treatment company revealed it had suffered a ransomware attack.
Hilton Worldwide Holdings (HLT) shares also lost ground after Goldman Sachs reportedly downgraded the hotel chain to a "neutral" from a "buy" rating, as it issued a downbeat outlook on U.S. lodging firms.
Crude oil futures slid and the yield on the 10-year Treasury note edged lower. The U.S. dollar lost ground against the euro, yen and pound. Prices for major cryptocurrencies rose.
Read the original article on Investopedia