Analog Devices (ADI) higher on an upgrade and earnings yesterday. The chipmaker is up 1.5% today after rising 6% yesterday on strong earnings. Today, an analyst at Needam made positive comments seeing strong demand for chips, particularly China, as more and more companies and countries order chips now ahead of tariffs.

Walmart (WMT) follows Target to the downside. The retail giant and Dow component is down 5% after missing earnings as sales rose 4% to $177 billion. Walmart did provide upside guidance for the third quarter as back to school sales are off to a good start and expects a good holiday season. The company is seeing rising prices due to tariffs.

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