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As of 12:18 PM EST, major stocks are showing varied movements during the midday trading session. NVIDIA Corporation is trading at 138.98 USD, down -0.81%, with a market capitalization of 3.4T USD. The stock is declining during midday trading after it was rising in early trading today.
EV maker company, Tesla, Inc. has fallen to 341.64 USD, marking a decline of -3.60%, with a market cap of 1.1T USD. However, Palantir Technologies Inc. is at 105.06 USD, down -1.14%, with a valuation of 246.4B USD. Reports regarding probable U.S. defense budget cuts have negatively impacted Palantir’s stock.
Healthcare giant UnitedHealth Group Incorporated is experiencing a sharp decline, trading at 458.85 USD, down -8.67%, with a market cap of 422.27B USD. As reported by Wall Street Journal, the Justice Department is investigating the healthcare giant’s Medicare billing practices in recent months, resulting in the stock’s decline. Meanwhile, Meta Platforms, Inc. is at 690.00 USD, slipping -0.70%, with a valuation of 1.75T USD.
Apple Inc. is seeing slight gains, trading at 247.28 USD, up +0.59%, with a market cap of 3.71T USD. In contrast, Amazon.com, Inc. is down -2.33%, trading at 217.70 USD, with a market capitalization of 2.31T USD.
Microsoft Corporation has fallen -0.56% to 413.81 USD, holding a market value of 3.08T USD. Whereas, Hims & Hers Health, Inc. has seen a sharp drop, trading at 51.74 USD, down -22.09%, with a market cap of 11.3B USD. This plunge came as the US FDA declared that Ozempic, Wegovy shortages have ended.
Lastly, Super Micro Computer, Inc. is also in the red at 58.69 USD, down -0.98%, with a valuation of 34.37B USD.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.