Here are some of the companies making headlines in midday trading:
- Cisco Systems – Shares slid 2% after HSBC cut its rating and price target to $120 from $137:
- Drone stocks – Manufacturers saw shares rise after President Trump imposed tariffs on foreign-made drones:
- Intuitive Machines – The maker of robotic spacecraft jumped 10%:
- Fox Corporation – The media stock jumped 5%:
- York Space Systems – Shares slumped 12%:
- Reddit – The social media platform surged 12%:
- Applied Materials – Shares lost 5%:
- Wayfair – The online furniture retailer gained 1%:
- Workday – Shares were down more than 3%:
- Sandisk – Shares climbed 6%:
