Key Takeaways

U.S. equities were little changed at midday Tuesday, a day after a rally sent both the S&P 500 and Nasdaq all-time highs. The Dow and S&P 500 were down, while the Nasdaq posted a small gain .

AT&T ( T ) shares rose after the telecom giant told analysts it sees sustained profit growth over the next three years and plans to return $40 billion to shareholders in dividends and stock buybacks .

Shares of Core & Main ( CNM ) advanced when the water and sewer infrastructure provider reported better-than-expected results and raised its outlook as it benefited from acquisitions.

Credo Technology Group Holding ( CRDO ) shares soared to a record after the provider of high-speed connectivity solutions for data centers reported better-than-expected results and guidance as customers bought its products that support artificial intelligence (AI).

American Depositary Receipts (ADRs) of Posco Holdings ( PKX ) and other South Korean companies that trade in the U.S. sank after that country’s president declared martial law. They pared some of those losses after the country's lawmakers voted to cancel martial law.

Shares of Intel ( INTC ) slid following a Reuters report that the chipmaker is considering former board member Lip-Bu Tan to replace the ousted Pat Gensler as CEO.

FedEx ( FDX ) shares declined on a downgrade from Bernstein, which said the delivery firm faces a number of challenges.

Oil and gold futures advanced. The yield on the 10-year Treasury was higher. The U.S. dollar lost ground to the euro, pound, and yen. Prices for most major cryptocurrencies dropped.

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