Check out the companies making the biggest moves midday:
Newmont, Freeport-McMoRan — The metals miners dropped 9.6% and 7.6%, respectively, as gold and silver faltered from record levels. The moves come after President Donald Trump picked Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, easing fears that the central bank would lose independence.
Apple — Shares fell 1.3% even after after the company posted blowout fiscal first-quarter results, with notably strong revenue from its iPhone 17 models released in September. Apple earned $2.84 per share for the quarter, higher than the $2.67 per share expected by analysts surveyed by LSEG. Revenue came out at $143.76 billion, significantly exceeding analysts’ expectation of $138.48 billion. Overall iPhone revenue surged 23% on an annual basis to $85.27 billion in revenue.
Source: https://ppam.com.au/wp-admin/post-new.php?post_type=post