American Eagle Outfitters, Microchip Technology, Netflix, and More

Major U.S. equities indexes were mixed Wednesday afternoon as the tech sector pulled back. The Dow climbed 0.4%, and the S&P 500 edged 0.1% higher, but the tech-heavy Nasdaq slid 0.2%.

Microchip Technology (MCHP) was the best-performing stock in the S&P 500 as shares climbed nearly 10% after the chipmaker boosted its guidance on strong bookings and an improved backlog.

Shares of American Eagle Outfitters (AEO) popped 15% after the clothing retailer posted better-than-expected earnings, citing a boost from its ad campaigns with actress Sydney Sweeney and NFL star and Taylor Swift fiance Travis Kelce.

Dollar Tree (DLTR) shares climbed around 3% as the dollar store posted quarterly profits that topped analysts’ estimates and boosted its outlook. The discount retailer said it benefited from bargain-hunting consumers searching for value.

Alexandria Real Estate Equities (ARE) was the worst-performing stock in the S&P 500, with shares down 7% after the provider of rental space for life sciences businesses reported weak guidance and slashed its dividend.

Shares of Paramount Skydance (PSKY) and Netflix (NFLX) fell about 5% following reports that the two media companies have made revised bids to buy Warner Bros. Discovery (WBD), shares of which were little changed.

Acadia Healthcare (ACHC) shares sank 13% after the operator of medical facilities warned that it faced higher-than-anticipated liability costs.

Oil and gold futures advanced. The yield on the 10-year Treasury note edged lower to 4.07%. The U.S. dollar lost ground to the euro, pound, and yen. Prices for most major cryptocurrencies were higher.