11:44 AM EST, 11/12/2025 (MT Newswires) -- The Dow Jones Industrial Average was up, while the S&P 500 and Nasdaq Composite were down in late-morning trading Wednesday, as investors monitor developments in Washington regarding the reopening of the federal government.

In company news, Advanced Micro Devices ( AMD ) shares rose Wednesday after the company said Tuesday at its analyst day that it expects a revenue compound annual growth rate of over 35%, a non-GAAP operating margin of greater than 35% and non-GAAP earnings per share exceeding $20. AMD shares were up 9.5% around midday.

Amazon.com ( AMZN )-backed (AMZN) Anthropic said Wednesday it will invest $50 billion in American computing infrastructure, including the construction of custom data centers in Texas and New York, with more sites to be announced. Amazon ( AMZN ) shares were down 1.5%.

Tencent Music Entertainment Group ( TME ) reported Q3 non-IFRS earnings Wednesday of 1.54 Chinese renminbi ($0.22) per diluted American depositary share, up from 1.16 renminbi a year earlier and above the FactSet consensus analyst estimate of 1.53 renminbi. Third-quarter revenue was 8.46 billion renminbi, up from 7.02 billion renminbi a year ago and above the FactSet consensus of 8.24 billion renminbi. Tencent shares were down 6.8%.

Clearwater Analytics ( CWAN ) is considering a sale of the company after receiving interest in a possible takeover, Bloomberg reported late Tuesday, citing people familiar with the matter. Clearwater shares were up 8.3%.

Baytex Energy ( BTE ) said Wednesday it has entered into a definitive agreement to sell its US Eagle Ford assets to an undisclosed buyer for $2.31 billion. The transaction is expected to close in late 2025 or early 2026, the company said. Baytex shares were up 8.8%.

Chevron ( CVX ) said Wednesday it expects annual EPS growth of greater than 10% at $70 Brent. The company lowered its capital expenditure guidance to between $18 billion and $21 billion per annum and said it intends to increase oil and gas production by 2% to 3% annually through 2030. Chevron ( CVX ) said it also expects to repurchase $10 billion to $20 billion shares annually through 2030 at average prices of $60 to $80 for Brent. Chevron ( CVX ) shares were down 2.6%.

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