Oracle, Newmont, Kenview, American Express, and more

Major US stock indexes rose midday on Friday, as regional bank stocks rebounded from yesterday’s losses following a series of corporate earnings reports. The Dow Jones, S&P 500 and Nasdaq were all higher.

Kenvue (KVUE) was the best-performing stock in the S&P 500 as investors bought into the decline in the health care product stock following yesterday’s selloff following a lawsuit in the United Kingdom that claimed the company’s baby powder caused cancer.

Shares of American Express (AXP) rose after the financial company reported quarterly results that beat analysts’ estimates and raised its forecasts as customers rushed to use upgraded, advanced credit cards.

Truist Financial (TFC) also reported better-than-expected results on higher wealth management fees and interest income, sending its shares higher.

Shares of Newmont (NEM) and rival gold miners fell as the price of the precious metal, which recently hit records, fell.

US-listed shares of Novo Nordisk (NVO) and Eli Lilly (LLY) shares fell after President Trump’s comments about lowering prices of popular weight-loss drugs.

Yields on 10-year Treasury bonds and oil futures rose. The US dollar rose against the euro and the pound, but lost ground against the yen. Most major cryptocurrencies were trading lower.