Stock Market Mixed Ahead Of Debt Ceiling Talks. Advanced Micro Devices Hits Buy Point.

News Snapshot:

The stock market traded steady Tuesday afternoon, with the major indexes showing mixed results. The Nasdaq composite and Big Tech stocks remained the leaders. Investors held back ahead of the debt ceiling meeting later today, while the Dow Jones Industrial Average got pulled down by Home Depot (HD) results. X Advanced Micro Devices (AMD) surged 5.4%. A regulatory filing revealed that hedge fund Third Point opened a 1-million-share stake. Activist investor Daniel Loeb runs the fund. The semiconductor manufacturer posted better-than-expected Q1 earnings and sales May 2, but gave disappointing Q2 revenue and margin guidance. AMD shares broke out of...