These are the stocks posting the largest moves midday.
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Third Point’s Dan Loeb says the stock market will be fine despite Trump’s ‘unconventional’ approach
The investor believes Trump’s recently announced tariffs against Mexico, Canada and China will be less impactful than the headlines implied.
Treasury Secretary Bessent says market woes are more about tech stock sell-off than Trump’s tariffs
“The Nasdaq peaked on DeepSeek day so that’s a Mag 7 problem, not a MAGA problem,” Bessent said.
Morgan Stanley is due to release fourth-quarter earnings
The bank’s massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.