Kai Pfaffenbach | Reuters
Check out the companies making headlines midday:
Chipmakers— Shares of chipmakers fell broadly, including Micron falling 0.4% and Qualcomm dropping close to 1% but ending the day positive, after Samsung said its second-quarter profit would likely be down 56% from a year ago. The world’s largest smartphone maker and supplier of memory chips cited a weakening demand for chips.
Barrick Gold, Newmont Goldcorp— Gold stocks fell on Friday after U.S. job data rebounded strongly in June, which lowered the chances of an interest rate cut by the Federal Reserve this month and raised the value of the U.S. dollar. Shares of Barrick Gold fell nearly 2% and ended the day down 0.5% and shares of Newmont Goldcorp fell more than 2% and closed down 0.88%.
J.P. Morgan Chase, Bank of America, Citigroup— Bank stocks rose after a stronger-than-expected jobs report jolted interest rates higher. U.S. employment grew by 224,000 jobs in June, easily topping expectations. The…