Key Takeaways<\/p>\n
U.S. equities were mostly in the red at midday, dragged for a second session by tech stocks, as well as a mixed bag of earnings news. The Nasdaq<\/a> dropped 1%, the S&P 500<\/a> was down as well, while the Dow Jones Industrial Average<\/a> was little changed.\n<\/p>\n Shares of artificial intelligence (AI)<\/a>-related firms, including Palantir Technologies (PLTR<\/a>) and Nvidia (NVDA<\/a>), continued to lose ground on concerns about a possible slowdown in corporate AI spending.\n<\/p>\n Target (TGT<\/a>) shares tumbled when the struggling retailer replaced its CEO and posted another drop in sales.\n<\/p>\n La-Z-Boy (LZB<\/a>) shares sank after the furniture manufacturer’s earnings declined on fewer in-store sales and soft demand for its Joybird brand.\n<\/p>\n TJX (TJX<\/a>) shares gained when the operator of TJ Maxx, Marshalls, and HomeGoods stores exceeded profit forecasts and raised its guidance, saying it expects to be able to offset any tariff costs.\n<\/p>\n Shares of Jack Henry & Associations (JKHY<\/a>) advanced after the financial technology firm posted better-than-expected results as customers spent more on tech products.\n<\/p>\n