Top Stock Movers Now: Enphase Energy, Humana, Coinbase, and More

U.S. equities edged higher at midday as the market considered the impact of the Republican tax and spending bill that passed by the narrowest of margins this morning. The Nasdaq, Dow Jones Industrial Average, and S&P 500 all rose. 

Enphase Energy (ENPH) was the worst-performing stock in the S&P 500, and shares of rivals in the solar sector were also down, as the new budget bill calls for the elimination of many so-called “green” energy subsidies. 

Shares of BJ’s Wholesale Club Holdings (BJ) slid after the warehouse retailer’s same-store sales came in well below estimates on falling gas prices.

Shares of Humana (HUM) and other health insurance providers declined as the Centers for Medicare & Medicaid Services (CMS) said it was expanding Medicare Advantage audits.

Seagate Technology Holdings (STX) shares jumped when the data storage company announced a $5 billion stock buyback plan.

Shares of Coinbase Global (COIN), the largest U.S. cryptocurrency trading platform, advanced as bitcoin traded around record highs and most other major digital coins were up as well.

It was another day of gains for Alphabet (GOOGL) shares following the tech giant’s unveiling of a new Google artificial intelligence (AI) search product. 

Oil and gold futures declined. The yield on the 10-year Treasury note was lower. The U.S. dollar gained on the euro and yen, but lost ground to the pound.