Top Stock Movers Now: Krispy Kreme, Tesla, Enphase Energy, and More

U.S. equities were higher at midday while Treasury yields climbed after the Labor Department reported stronger-than-expected job creation in March. The Dow, S&P 500, and Nasdaq all rose.

Krispy Kreme (DNUT) shares jumped after Piper Sandler upgraded the stock, pointing to the benefits of the company's new nationwide partnership with McDonald’s (MCD).

Shares of Newmont Corporation (NEM) and other gold miners rose as the precious metal continued its record-setting price climb.

Arch Capital Group (ACGL) shares advanced to a record high after the insurer announced it was paying $450 million for Allianz Group's Fireman's Fund MidCorp and Entertainment insurance business.

Enphase Energy (ENPH) shares slid as Citigroup downgraded the stock and lowered the price target, citing concerns about the solar power firm's inventory reduction.

Shares of Tesla (TSLA) lost ground before paring back some losses as CEO Elon Musk denied reports the electric vehicle maker canceled plans to build a low-priced EV.

Lamb Weston (LW) shares tumbled for a second-straight session after the potato processor reported a delay in transitioning to a new software system hurt quarterly profit and sales, and could impact full-year results.

McDonald’s shares lost ground after the fast-food giant said it was buying all of its 225 franchise restaurants in Israel following boycotts related to the fighting in Gaza.

Oil futures were higher. The U.S. dollar gained on the euro, pound, and yen. Most major cryptocurrencies traded lower.

UPDATE—April 5, 2024: This article has been updated to reflect Tesla CEO Elon Musk denied reports the electric vehicle maker canceled plans to build a low-priced EV.