Paramount Global, Tesla, Biogen, and More

U.S. equities were mixed at midday Wednesday just ahead of the close of a holiday-shortened session after a report showed private sector job creation slowed in June. The S&P 500 and Nasdaq rose, while the Dow slid. 

Paramount Global (PARA) was the best-performing stock in the S&P 500 following reports majority stakeholder Shari Redstone’s National Amusements and Skydance Media reached a new deal for Skydance to take control of the media giant.

Shares of Tesla (TSLA) rose for a second-straight session after the electric vehicle (EV) maker exceeded expectations for second quarter deliveries.

Shares of mining companies, including Freeport McMoRan (FCX) and Newmont Corporation (NEM), advanced along with the prices of gold, copper, and other metals. 

Biogen (BIIB) shares declined after the Food and Drug Administration (FDA) approved Eli Lilly’s (LLY) treatment for Alzheimer’s disease, which will compete with Leqembi, made by Biogen and Japan’s Eisai. Ely Lilly shares were lower as well.

Oil futures rose, while the yield on the 10-year Treasury note tumbled. The U.S. dollar lost ground to the euro, pound, and yen. Prices for most major cryptocurrencies dropped.