In midday trading, major U.S. banks JPMorgan, Bank of America, and Wells Fargo rose 2% despite a lawsuit over Zelle payment fraud. Crypto-linked stocks like MicroStrategy gained 12%, while Novo Nordisk fell 18% due to poor results for its weight loss drug, impacting rival Eli Lilly positively. Mission Produce surged 17% after strong quarterly results. U.S. Steel dropped 5% following a disappointing profit forecast. Berkshire Hathaway increased stakes in Occidental Petroleum and Sirius XM, boosting their shares by nearly 4% and 12%, respectively. FedEx shares dipped after announcing a spin-off, despite exceeding earnings expectations. Carnival’s stock jumped over 6% on strong demand projections.
