Trump Media, First Solar, GameStop, and More

Major U.S. indexes were mixed at midday Wednesday amid speculation about how fresh inflation data could influence the Federal Reserve’s stance on interest rates. The Dow and S&P 500 lost ground, while the Nasdaq rose.

Trump Media & Technology Group (DJT) shares fell following Tuesday night’s debate between former President Donald Trump and Vice President Kamala Harris.

Harris’ performance helped boost solar and other “green” energy stocks, including First Solar (FSLR) and Enphase Energy (ENPH), as some investors weighed the possibility of Harris continuing President Joe Biden’s climate policies.

GameStop (GME) shares tumbled after the video gamer retailer announced a 20 million share offering and reported a big drop in sales. 

Bank of America (BAC) shares also declined after Warren Buffett’s Berkshire Hathaway (BRK.A,BRK.B) further trimmed its stake in the bank.

Rentokil Initial (RTO) shares listed in the U.S. plunged after the pest-control company warned that weak North America sales and negative currency impacts could cut full-year adjusted operating profit by 80 million pounds ($104.5 million). Shares of rival Rollins (ROL) dipped as well. 

Shares of Dave & Buster’s Entertainment (PLAY) gained after the company reported second-quarter profit that beat analysts’ estimates as the chain made menu and pricing changes and added more locations.

Oil futures rose, while gold prices and the yield on the 10-year Treasury note were little changed. The U.S. dollar advanced on the euro and pound, but slid versus the yen. Most major cryptocurrencies traded lower.