U.S. equities were higher at midday following stronger-than-expected earnings and retail sales . The Dow, S&P 500, and Nasdaq were all higher.

Shares of Charles Schwab ( SCHW ) surged after the discount brokerage and financial advisory firm posted first-quarter profit and revenue that beat estimates as investor sentiment improved.

Goldman Sachs ( GS ) shares gained after the financial giant’s earnings took off on higher investment banking revenue .

M&T Bank ( MTB ) shares jumped as the regional bank reported it reduced its exposure to commercial real estate loans.

Salesforce ( CRM ) shares declined following a report the cloud business software provider was in advanced talks to buy data management software maker Informatica ( INFA ). Informatica shares dropped as well.

Shares of Tesla ( TSLA ) slumped amid reports the electric vehicle (EV) manufacturer will slash its workforce by more than 10% as demand for EVs slows.

Molina Healthcare ( MOH ) shares fell as Wells Fargo and Truist reduced their price targets on the insurer.

Oil and gold futures were down. The yield on the 10-year Treasury note gained. The U.S. dollar climbed against the euro and yen, but lost ground to the pound. Prices for most major cryptocurrencies were higher.