Stock Market Update
11-Apr-25 14:30 ET
S&P 500 rallies led by Newmont, Monolithic Power, and Mosaic; Texas Instruments drops on China risk
Dow +523.97
at 40117.63,
Nasdaq +253.79
at 16641.10,
S&P +75.29
at 5343.34
[BRIEFING.COM] The S&P 500 (+1.43%) is in second place on Friday afternoon, up about 75 points.
Briefly, S&P 500 constituents Newmont Corporation (NEM 55.85, +4.91, +9.64%), Monolithic Power (MPWR 524.58, +39.87, +8.23%), and Mosaic (MOS 25.73, +1.53, +6.32%) dot the top of the standings. NEM caught a UBS upgrade to Buy this morning, while MPWR and MOS enjoy gains as their sectors outperform the broader market.
Meanwhile, Texas Instruments (TXN 147.41, -9.19, -5.87%) falls to the bottom of the average, mostly due to reports that China's new tariff rules would classify chips based on the location of their fabrication plants. This could impact TI, which manufactures many of its chips in the U.S., making their products more expensive in the Chinese market.
