Key Takeaways

The rally for U.S. equities mostly continued at midday on optimism the Trump administration tariffs won't be as tough as expected, and strong growth in housing prices. The S&P 500 and Nasdaq were slightly higher, and the Dow Jones Industrial Average ticked lower.

CrowdStrike Holdings ( CRWD ) shares jumped on an upgrade from BTIG, which noted that the global internet outage last July caused by the cybersecurity firm was "in the rearview mirror," and partners and customers have largely moved on from it.

Shares of Wynn Resorts ( WYNN ) rose when its largest investor, billionaire Tilman Fertitta, expanded his stake in the hotel and casino operator.

International Paper ( IP) shares climbed as the paper products producer outlined a long-term strategy for growth at its investor day.

KB Home ( KBH ) shares fell when the homebuilder's results missed estimates and it cut its outlook as consumers held back purchases because of affordability and economic and geopolitical worries.

Shares of UniFirst ( UNF ) sank as Cintas ( CTAS ) ended negotiations to buy the workwear firm.

Oklo ( OKLO ) shares dropped after the nuclear power company's loss widened and it warned that it anticipates increased expenses and continuing losses in the future.

Oil and gold futures and the yield on the 10-year Treasury note rose. The U.S. dollar lost ground to the pound and yen, and was little changed against the euro. Trading in most major cryptocurrencies was mixed.

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