In midday trading, Rivian Automotive shares surged 19% after meeting 2024 production guidance, while U.S. Steel dropped 6% after President Biden blocked Nippon Steel’s $14.9 billion acquisition. Block’s stock rose 5.1% after an upgrade, and Chewy gained 4% following a rating improvement. Alcohol stocks fell after a health advisory linked consumption to cancer, with Diageo down 3%. Constellation Brands jumped 4.1% on government contracts, while Carvana dropped 5% amid short-seller allegations. Ford and GM shares rose following strong U.S. sales, and Vistra soared 7.7%. JetBlue’s stock declined 1% due to a $2 million fine for delays.
