Check out the companies that made headlines in midday trading: American Airlines — Shares rose 0.6%, up from earlier losses after the airline temporarily grounded all flights due to technical issues. I have recovered. Broadcom — The semiconductor stock rose 3.2%, extending its gains in December. The stock has soared more than 46% this month and is expected to rise more than 112% in 2024. Big Banks — The stock prices of some big bank stocks have soared after banks and corporate groups sued the Federal Reserve over annual stress tests that they said “created erratic and unaccountable requirements and restrictions on bank capital.” The stock price rose about 2% amid news that Citigroup and JPMorgan shares each rose nearly 2%, while Goldman Sachs rose 2.1%. Arcadium Lithium — Shares rose nearly 6% after the company announced shareholders approved its $6.7 billion sale to Rio Tinto. The deal is expected to close in mid-2025. International Seaways — The energy transportation provider soared 9% following the announcement that the company will be added to the S&P SmallCap 600 index on Dec. 30. The company will replace Consolidated Communications, which will soon be acquired. Cryptocurrency stocks — Share prices of stocks tied to the price of Bitcoin rose as the cryptocurrency recouped recent losses amid a broad rally in technology stocks. Crypto service provider Coinbase rose 4.3%, while Bitcoin proxy MicroStrategy rose about 8% or more. Miners Riot Platforms and IREN rose 8% and 5%, respectively. US Steel — Shares of the steelmaker rose about 2% amid news that President Joe Biden will decide on the fate of Japan’s Nippon Steel Corp.’s takeover plan after a government committee failed to reach a decision. Apple — Apple stock rose 1.2% to a new all-time high. The stock is up nearly 34% since the beginning of the year. —CNBC’s Sean Conlon, Lisa Han, Tanaya Machel and Alex Harring contributed reporting.
Stocks with the biggest price movements at midday: AAL, AVGO, JPM
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