By Fred Imbert,Darla Mercado, CFP®
Publication Date: 2026-10-05 17:13:00
Here are some of the companies making headlines in midday trading. Taiwan Semiconductor Manufacturing , SpaceX — Elon Musk confirmed discussions with TSMC about helping his Terafab chip venture operate its Texas factories. Shares of Intel, which is also participating in the Terafab project, slid about 2%. TSM’s stock climbed 2%, and shares of SpaceX jumped 6%. Sphere Entertainment — Shares tumbled 12% after Craig-Hallum Capital downgraded shares to hold from buy, per StreetAccount. The company pointed to demand for “The Wizard of Oz” softening faster than anticipated, which could put estimates for the second half of 2026 and first half of 2027 at risk. Vaxcyte — Shares jumped about 30% after the biotech company announced positive top-line results from the Phase 3 trial of its pneumococcal conjugate vaccine in adults aged 50 and over. The immune responses were comparable to those of Pfizer’s Prevnar 20 and Merck’s Capvaxive. Millrose Properties , Lennar — Shares of both…