U.S. equities were down at midday, while the yield on the 10-year Treasury jumped, as the market reacted to Moody's downgrading the U.S. debt rating. The Dow Jones Industrial Average, 澳洲幸运5官方开奖结果体彩网:S&P 500, and Nasdaq all slid.

Tesla (TSLA) shares lost ground when Chinese rival Xiaomi announced that its new electric SUV that l🥂ooks to challenge Tesla's Model Y will be launched in China on Thursday.

Higher bond yields sent shares of Builders FirstSource (BLDR) and those of others in the homebuilding sector tumbling on worries ab❀out higher borrowing costs.

Bath & Body Works (BBWI) shares declined when the person♔al care and home fragrance retailer replaced its CEO, reported preliminary first-quarter profit and sales, and reiterated its 2025 outlook. 

AutoZone (AZO) shares advanced when Evercore added the auto parts retailer to its "Tactical Outperform" list, pointing to the company♍'s focus on expanding its mega-hub stores and boosting inventory.

Shares of Novavax (NVAX) soared after the 澳洲幸运5官方开奖结果体彩网:Food and Drug Administration (FDA) approved its new, ܫprotein-based COVID-19 vaccine.

TXNM Energy (TXNM) shares were trading at a record high when the power provider for New Mexico and Texas agreed to be acquired by the infrastructure unit of Blackstone (BX) for $11.5 billion in cash and debt. 

Oil and gold prices gained. The U.S. dollar lost ground on the euro, pound, and yen. Most major cryptocurrencies traded higher.