Top Stock Movers Now: Teradyne, Delta Air Lines, Tesla, and More

U.S. equities were mostly lower at midday as the markets continued to be roiled by worries about tariffs and the economy. The Dow Jones Industrial Average fell nearly 1%, the S&P 500 was also down, while the Nasdaq was up slightly. 

Teradyne (TER) was the worst-performing stock in the S&P 500 after the maker of testing equipment for chips and electronics updated its guidance and warned about the impact of tariffs and trade restrictions.

Concerns about how potential higher prices caused by tariffs would affect consumer spending led Dick’s Sporting Goods (DKS) to post a weaker-than-expected outlook. Shares of the sporting goods retailer slid. 

Delta Air Lines (DAL) shares dropped when the airline slashed its forecast because of declining travel demand. However, rival Southwest Airlines (LUV) saw its shares take off after the carrier announced it was going to start charging for checked baggage and would be offering basic economy fares.

Shares of Tesla (TSLA) rebounded from their recent selloff when President Trump pledged to buy one.

Super Micro Computer (SMCI) shares advanced when Rosenblatt initiated coverage with a “buy” rating, pointing to the computer server maker’s high artificial intelligence (AI) revenues. 

Oil and gold futures gained. The yield on the 10-year Treasury note climbed. The U.S. dollar was higher versus the yen, but lost ground to the euro and pound. Prices for most major cryptocurrencies were higher.