AMD, On Holding, Circle Internet Group, and more

Major U.S. stock indexes were mixed midday Wednesday ahead of a vote on funding the federal government and ending the 43-day shutdown. The Dow Jones Industrial Average rose to a record high, but the Nasdaq and S&P 500 were lower.

Shares of Advanced Micro Devices (AMD) rose 9% to top the S&P 500 after the chipmaker issued upbeat targets on its first day of analysis.

On Holding (ONON) shares jumped 20% after the Roger Federer-backed Swiss athletic shoe maker reported better-than-expected results and raised its full-year forecast for the third straight quarter.

Shares of International Business Machines (IBM) rose about 2% when the company announced several “breakthroughs” in quantum computing.

Circle Internet Group (CRCL) stock fell 10% after stablecoin issuer USDC raised its revised operating expense forecast for the fiscal year.

Paramount Skydance ( PSKY ) was the worst-performing stock in the S&P 500 with a 6.5% decline, a day after it rose nearly 10% following its first quarterly earnings report since the completion of the August merger between Paramount Global and Skydance Media.

Shares of mobile advertising technology company AppLovin (APP), which posted the biggest daily decline in the S&P 500 yesterday with a nearly 9% decline, fell another 1.5%.

Oil futures fell by more than 3%. Gold futures rose nearly 2%. The yield on 10-year Treasury bonds fell. The US dollar rose against the pound and the yen, but fell against the euro. The prices of most major cryptocurrencies were lower.