AMD, On Holding, Circle Internet Group, and More

Major U.S. equities indexes were mixed at midday Wednesday ahead of a vote to fund the federal government and end the 43-day shutdown. The Dow Jones Industrial Average rose to a record high but they Nasdaq and S&P 500 were lower. 

Advanced Micro Devices (AMD) shares surged 9% to lead the S&P 500 after the chipmaker issued upbeat targets at its first analyst day.

Shares of On Holding (ONON) jumped 20% after the Roger Federer-backed Swiss sneaker maker reported better-than-expected results and raised its full-year outlook for a third straight quarter.

International Business Machines (IBM) shares gained about 2% when the company announced several quantum-computing “breakthroughs.”

Circle Internet Group (CRCL) stock sank 10% after the USDC stablecoin issuer lifted its adjusted operating expenses forecast for the fiscal year.

Paramount Skydance (PSKY) was the worst-performing stock in the S&P 500 with a 6.5% decline, a day after it surged nearly 10% following its first quarterly earnings report since the August completion of the merger between Paramount Global and Skydance Media.

Shares of mobile advertising technology firm AppLovin (APP), which registered the steepest daily decline in the S&P 500 yesterday with a nearly 9% drop, slipped a further 1.5%.

Oil futures sank more than 3%. Gold futures advanced nearly 2%. The yield on the 10-year Treasury note fell. The U.S. dollar rose against the pound and yen but slipped against the euro. Prices for most major cryptocurrencies were lower.