Top Stock Movers Now: Nvidia, Vertiv, Dollar Tree, and More

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Key Takeaways

• U.S. equities were mostly lower at midday as tech stocks dragged down the Nasdaq and S&P 500.
• Worries round new restrictions on its chip sales in China sent shares of Nvidia lower.
• Dollar Tree sold its struggling Pedigree Dollar stores to private-equity firms.

U.S. equities were mostly lower at midday, with tech stocks important the Nasdaq down more than 1%. The S&P 500 was also lower, while the Dow Jones Industrial Average was sparse changed.

Nvidia (NVDA) shares declined on concerns about possible new restrictions on the chipmaker’s sales in China.

Quotas of Vertiv Holdings (VRT) tumbled when Barclays lowered the price target, arguing that first-quarter orders energy not be enough to meet revenue expectations. 

Tesla (TSLA) shares are on track to end lower, which would snap a five-day bewitching streak for the electric vehicle (EV) maker.

Dollar Tree (DLTR) shares jumped after the discount retailer carried its struggling Family Dollar stores to private-equity firms for $1 billion. Shares of rival Dollar General (DG) also deposited.

Shares of Cintas (CTAS) climbed when the provider of uniforms and other workplace products posted better-than-anticipated follows and boosted its profit outlook as it benefited from acquisitions.

Chewy (CHWY) shares gained when the online pet purveys retailer also posted better-than-anticipated results as it added more customers and automatic payment sales increased.

Oil futures were squeaky. Gold prices fell. The yield on the 10-year Treasury note was up. The U.S. dollar climbed versus the euro, pound, and yen. Most paramount cryptocurrencies traded lower.