A former Senior Publishing Editor on the Dow Jones Newswires team at The Wall Street Journal, Aaron earned a Bachelor's degree in Economics from the University of Michigan and a Master's in Journalism from Columbia University.

Major U.S. equities indexes were lower at midday Tuesday after the benchmark S&P 500 and the tech-heavy Nasdaq hit new intraday records.

Ford Motor (F) was one of the worst-performing stocks in the S&P 500, with shares down roughly 7%, following a report that a fire at a major aluminum supplier would affect production for months.

Tesla (TSLA) shares, which jumped 5.5% yesterday after the company teased a Tuesday product launch, pulled back 3%.

Strategy (MSTR) shares fell over 7% to lead Nasdaq decliners as the price of Bitcoin dropped from an all-time high set yesterday. Strategy is the largest corporate holder of the cryptocurrency.

Advanced Micro Devices (AMD) shares climbed close to 4%, extending this week's rally after soaring 24% Monday on news of a massive chip deal with OpenAI.

AppLovin (APP) shares rebounded 7% to lead the S&P 500 and Nasdaq after sinking 14% yesterday on a report that the Securities and Exchange Commission was investigating the mobile app monetization company's data-collection practices after a whistleblower's complaint.

Constellation Brands (STZ) stock rose 2.5% after the parent of Modelo and other beer brands reported a smaller-than-expected decline in quarterly sales.

Gold set a new record high, crossing $4,000 per ounce for the first time. The yield on the 10-year Treasury note pulled back. The U.S. dollar rose against the euro, pound, and yen. Oil prices edged lower.