Boeing and Tesla stocks gained significantly midday

In midday trading, several stocks experienced significant movements. Autodesk's shares increased nearly 4%. This rise came after Starboard Value announced plans to challenge the company's board ahead of its annual meeting. MicroStrategy, now called Strategy, saw its stock rise by 5.2%. The company is raising funds to purchase more cryptocurrency and is known for holding a large amount of bitcoin. Boeing shares went up by 6.3% after CFO Brian West provided positive insights at an investor conference. He noted improvements in cash flow and factory operations, easing concerns over potential tariffs related to former President Trump's policies. On the other hand, Gilead Sciences saw a drop of 2.9%. This decline followed a report that the Health and Human Services Department is considering reducing federal funding for HIV prevention, a key area for Gilead's business. HealthEquity, a financial technology firm, plunged by 18% after reporting disappointing earnings. The company's earnings fell short of analysts' expectations. Williams-Sonoma's stock decreased by 6.3% after it warned of possible revenue decline for the upcoming year. The company adjusted its previous financial forecasts due to an accounting error related to freight expenses. Nvidia's shares rose 1.8% following a drop the previous day. CEO Jensen Huang downplayed concerns about tariffs that may affect the company. General Mills' stock fell by more than 2% after its quarterly revenue missed expectations. The company outlined challenges with demand and inventory issues. Tesla's shares jumped 4.2% after receiving approval for a passenger transportation permit. This permit is a step towards offering ride-hailing services, potentially leading to robotaxi services in the future. Lastly, Intel's stock dropped over 5%, making it the worst performer in the S&P 500 for the day, even though it remains up by more than 18% over the past year.