Here are the companies making headlines in midday trading. Software stocks — Shares of software companies caught a bid, even as the overall tech sector slumped. The iShares Expanded Tech-Software Sector ETF (IGV) was last up 3%. Shares of Microsoft and Salesforce rose more than 4% and shares of Palantir gained 5%. AppLovin ‘s stock jumped 7% and ServiceNow ‘s rose 8%. Moderna — Shares of the biotech giant jumped 11% after the company detailed a long-term strategy at its annual Science Day , going beyond its vaccine business. Moderna discussed plans for its mRNA-based oncology and rare disease treatments. Healthcare stocks — The healthcare sector of the S & P 500 outperformed, up more than 2% on the day and heading for its best week since 2022. In addition to Moderna, shares of Veeva Systems and Eli Lilly rallied, up 7% each. Biogen ‘s stock rose almost 6%. Crocs — The footwear company’s shares rose nearly 7% on the back of an upgrade from Piper Sandler . The firm lifted its rating on Crocs to overweight from neutral, noting that the stock’s valuation is “still inexpensive at 8x [price earnings].” Robinhood — Shares of the brokerage app provider gained 4%. BTIG initiated coverage of Robinhood at a buy rating, saying that the stock is “built to compound.” ON Semiconductor , Synaptics — Shares of ON Semiconductor slid 23% after the company announced an all-stock deal to acquire Synaptics. At nearly $7 billion, it’s ON’s largest acquisition ever and will increase the company’s total addressable market by $30 billion, it estimated. Synaptics’ stock was little changed. Memory stocks — Shares of several memory players fell as a tech sell-off continued to gain steam Friday. Micron’s stock was down almost 3% after jumping nearly 16% on Thursday following the company’s earnings report. Shares of Sandisk slid 7%, while shares of Seagate Technology lost 8% and Western Digital ‘s stock was off 11%. Chipmakers — The tech sell-off hit semiconductors too, as shares were also weighed down by a New York Times report that OpenAI was seeking to potentially delay its IPO until 2027. Arm Holdings ‘ stock lost 4%, and Marvell Technology ‘s was off 5%. Shares of Advanced Micro Devices , Intel and Broadcom dropped around 2%. Rocket Lab — Shares rose 5% after NASA announced the aerospace company will provide the launch services for two missions . The missions will be to conduct research about the sun’s energy input into Earth and a deeper understanding of ice clouds that form on the planet. Apple — Shares bucked the tech sell-off trend and rebounded slightly after Apple’s stock had its worst day in over a year on Thursday. The stock was up 1%, after losing more than 6% in its sharpest decline since April 2025 after the company hiked prices on a slate of its devices over rising memory and storage costs. Energy stocks — Oil prices were off about 4%, bringing down energy stocks. Shares of APA Corp. , Exxon Mobil and Chevron fell roughly 1%. — CNBC’s Nick Wells and Darla Mercado contributed reporting.
