Top Stock Movers Now - Hewlett Packard Enterprise, Moderna, Tesla along with More
The S&P 500 and Nasdaq reached new intraday peaks as traders priced in additional bilateral trade accords. Hewlett Packard Enterprise cleared the final regulatory hurdle for its $14 billion acquisition of Juniper Networks. A Senate budget draft trimmed or removed green energy tax subsidies - depressing AES, NextEra Energy in addition to Tesla.
Hewlett Packard Enterprise but also Juniper Networks led S&P 500 gainers after the companies and federal antitrust officials signed a settlement that paves the way for the deal to close.
Goldman Sachs slipped after the revised Senate bill accelerated the phase out schedule for production tax credits on large scale wind and solar installations.
The same draft eliminates the $7,500 consumer credit for electric vehicles purchased after 30 September - pushing Tesla shares lower.
West Texas Intermediate crude futures dropped $1.12 to $77.45 per barrel. Gold for June delivery rose $14.30 to $2,345.60 an ounce. The 10-year Treasury yield fell four basis points to 4.44 percent. The dollar firmed to $1.2650 against sterling, softened to $1.0850 versus the euro, and eased to 156.90 yen. Bitcoin held near $66,400; Ethereum advanced 2.1 percent to $3,520.