President Trump's Cuts Affect Enphase Energy, Newmont, and More

Shares of alternative energy firms like Enphase Energy, First Solar, and NextEra Energy dropped after President Trump cut government support. U.S. equities were slightly lower due to new tariffs. GlobalFoundries acquired MIPS. Dow Jones, S&P 500, and Nasdaq all saw marginal declines. Newmont and gold miners’ shares fell with gold prices. Bank stocks like Bank of America, JPMorgan Chase, and Goldman Sachs slipped on downgrades from HSBC. Stanley Black & Decker shares rose on an upgrade. Sequans Communications’ U.S.-listed shares surged after announcing plans to buy bitcoin. GlobalFoundries shares jumped after acquiring MIPS. Oil futures rose, the dollar was up against the pound and yen, and cryptocurrencies mostly increased in value.

Read more at Yahoo Finance: Enphase Energy, Newmont, Stanley Black & Decker, and More