KEY TAKEAWAYS
The major U.S. equities indexes edged higher at midday Monday after President Trump temporarily exempted smartphones, computers, and other electronics from his "reciprocal" tariffs .
Palantir Technologies ( PLTR ) shares jumped after the North Atlantic Treaty Organization (NATO) announced it acquired the firm's artificial intelligence -enabled military system.
Shares of Apple ( AAPL ), which manufactures a lot of its products in China, rose on the temporary pause of tariffs on consumer electronics.
Intel ( INTC ) shares surged after it struck a deal to sell 51% of its programmable chip business Altera to private equity firm Silver Lake.
DaVita ( DVA ) shares fell after the kidney disease treatment company revealed it had suffered a ransomware attack.
Hilton Worldwide Holdings ( HLT ) shares also lost ground after Goldman Sachs reportedly downgraded the hotel chain to a "neutral" from a "buy" rating, as it issued a downbeat outlook on U.S. lodging firms.
Crude oil futures slid and the yield on the 10-year Treasury note edged lower. The U.S. dollar lost ground against the euro, yen and pound. Prices for major cryptocurrencies rose.
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