Stocks making the biggest moves midday: IBM, Boeing, Hasbro, Ford & more

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Check out the companies making headlines in midday trading Tuesday.

IBM – Shares of IBM slipped 6.6% after the tech company warned of a potential $3.5 billion hit from a strong U.S. dollar. That warning overshadowed better-than-expected earnings and revenue for the previous quarter.

Boeing – Shares of the aerospace giant rose nearly 4%, continuing an upward trend for the stock, after Boeing announced several deals for plane orders. The deals include an order for five 787 Dreamliners from AerCap and orders for 737 Max jets from Aviation Capital Group and 777 Partners. Shares of Boeing are up more than 10% in July.

Chipmakers – Semiconductor stocks jumped ahead of a key Senate vote on the CHIPS act, which could come as early as Tuesday. The legislation would give domestic chip makers $52 billion in government subsidies. Marvell Technology, ASML Holding, Applied Materials and Advanced Micro Devices all gained more than 4%. Intel, Qualcomm and Nvidia all jumped more than 3%.

Goldman Sachs — Goldman Sachs shares rose nearly 5% to lead the Dow Jones Industrial Average higher, building on the bank's post-earnings gains. Other bank stocks traded higher alongside Goldman. Bank of America advanced 2.7%, while JPMorgan Chase climbed 1.7%.

Travel stocks – Cruise line and airline stocks surged as investors continue to debate consumer health and the potential for a recession — while travel demand remains strong. Royal Caribbean, Carnival and Norwegian Cruise Line gained 6.6%, 7.6% and 3.6% respectively. United, Delta and American all traded more than 3% higher, while Southwest advanced 2.9%.

Hasbro –Shares of Hasbro rose 2% after the company reported earnings per share that beat Wall Street's forecast. The toymaker's