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U.S. stocks were mixed midday: the S&P 500 slipped 0.1%, the Dow rose 309 points and the Nasdaq fell 0.5%. AMD jumped 9.6% on a revenue outlook tied to accelerating AI momentum, while Nvidia swung on lingering valuation worries. IBM climbed on quantum progress; On Holdings surged after a profit beat; Circle Internet Group fell despite topping estimates. The 10 year Treasury yield eased to 4.06%, and traders see a nearly two in three chance of a December Fed cut despite Chair Jerome Powell’s caution. Overseas, indexes rose in France and South Korea.

Prepared by Christopher Adams and reviewed by editorial team.