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Key Takeaways
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U.S. equities were mixed at midday as the market renewed its focus on the possible impact of new tariffs.
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T-Mobile US added fewer phone customers than expected, and shares dropped.
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Alphabet's strong search and advertising growth helped the tech giant to beat profit and sales estimates.
U.S. equities were mixed at midday as the markets continued to weigh the potential impact of tariffs. The Nasdaq gained and the Dow Jones Industrial Average and S&P 500 fell.
T-Mobile US (TMUS) shares tumbled after the cellphone service provider added fewer wireless customers than analysts had been looking for. In addition, the CEO warned that customers would have to cover the costs if new tariffs increased phone prices.
Shares of Intel (INTC) declined when the chipmaker gave a disappointing current-quarter outlook, pointing to "elevated uncertainty" in the industry.
Avantor (AVTR) shares sank to their lowest level in five years after the maker of lab chemicals and other life sciences products missed sales estimates, cut its guidance, and announced its CEO was leaving.
Alphabet (GOOGL) shares advanced when the tech giant reported better-than-expected results on solid growth in its search and advertising businesses.
Shares of VeriSign (VRSN) jumped as the internet services provider's sales gained on increasing demand for domain registrations.
Charter Communications (CHTR) shares rose after the cable and internet services firm beat sales estimates and added more mobile line subscribers than anticipated.
Gold futures declined. Oil futures were little changed. The yield on the 10-year Treasury note dropped. The U.S. dollar climbed versus the euro, pound, and yen. Prices for most major cryptocurrencies were higher.
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