Here are the stocks that made the biggest moves in midday trading: Apple — America’s second-largest publicly traded company fell nearly 4% on Tuesday, leading the decline in the S&P 500 index. This comes after Nikkei Asia reported that Apple has suffered a “stumbling block in the technical testing phase” of its planned foldable iPhone, which could negatively impact mass production and product shipments. However, Bloomberg News cited people familiar with the matter as saying the foldable model is expected to be released later this year. UNIVERSAL MUSIC GROUP — The recorded music distribution company’s U.S. shares rose about 13% on Tuesday after hedge fund investor Bill Ackman’s Pershing Square Capital Management proposed to buy Universal in a cash and stock deal worth about 55.8 billion euros ($64.4 billion). Arm Holdings — The semiconductor company fell more than 4% after Morgan Stanley downgraded the stock from overweight to equal weight. The bank said the company’s strategic pivot to chips, driven by increased artificial intelligence, will take time, and the stock could be weighed down by investors’ focus on short-term risks such as rising research and development costs and a shortage of dynamic random access memory. Broadcom, Alphabet — Broadcom said Monday it has agreed to supply artificial intelligence chips to Google and signed an expansion deal with Anthropic to provide the AI startup with about 3.5 gigawatts worth of computing power from Google’s AI processors. Broadcom stock rose 4% and Alphabet rose 0.9%. Oil stocks — Oil stocks were mostly higher, with West Texas Intermediate crude oil futures for May delivery trading above $114 a barrel by 8pm ET Tuesday ahead of US President Donald Trump’s threat to attack Iranian civilian infrastructure. Chevron added more than 1%. Diamondback Energy was last up about 2%. Health Care Stocks — Many companies rallied after the Centers for Medicare and Medicaid Services finalized a proposed increase in payments for privately run Medicare Advantage plans. The increase was higher than an initial proposal in January that would have kept payments flat, sending the insurer’s stock price lower. United Health rose 10%, while Humana and CVS Health rose 8% and 7%, respectively. Travel stocks — Cruise and airline stocks fell on Tuesday as oil prices remained high. Norwegian Cruise Line was last down more than 5%, while Carnival and Royal Caribbean were up about 4%. United Airlines and American Airlines rose 3.5% and 2%, respectively. Delta Air Lines rose 1.5%. — CNBC’s Michelle Fox, Davis Giangiulio, Scott Schnipper and Darla Mercado contributed to the report Markets change and headlines fade, but the core principles of building long-term wealth remain the same. Join us for the third annual CNBC Pro LIVE. Investors from all backgrounds, from financial professionals to individuals, come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you start, you’ll leave with clearer thinking and a stronger strategy. Enter your email address here to get your discount code.
