Markets: News  

Trading has drifted lower in the last half hour, the S&P 500 (-1.30%) now down about 51 points near afternoon lows.S&P 500 constituents FedEx (FDX 220.54, +16.49, +8.08%), Newmont Goldcorp (NEM 48.47, +2.69, +5.88%), and MarketAxess (MKTX 394.01, +5.66, +1.46%) are among today's top performers. FDX continues to rise on earnings-related strength, NEM moves higher alongside gains in gold, and MKTX bucks the broader trend in financials to top levels last seen in January 2022.Meanwhile, California-based solar firm Enphase Energy (ENPH 182.34, -18.76, -9.33%) is near the bottom of the S&P as the group experiences general angst owing to readthroughs in the financial sector; some have speculated that the group's financial risks (industrial/residential panels being bought on loans) are ramped up given the recent decline in lenders.