A 54-year-old New Jersey woman suffered a broken leg after she was thrown to the ground in a Staples by another customer whom she had told to wear a mask, authorities said.

Police have released surveillance video from the incident that occurred at about 3:19 p.m. Wednesday at a Staples in Hackensack.

Margot Kagan, of Teaneck, told police she was using a fax machine at the store when a woman with a mask pulled down below her mouth approached a machine next to her. Kagan, who, according to police, had a liver transplant four months ago and was walking with a cane, told the woman to put her mask on.

“The suspect became angry and yelled at the victim, who picked up her walking cane and pointed it directly at the suspect, coming within inches of the suspect’s chest,” said Capt. Darrin DeWitt, a detective with the Hackensack Police Department.

The woman then yelled at Kagan, violently threw her to the ground and left the store, DeWitt said.

Kagan was taken to a hospital where she was diagnosed with a fractured left tibia, according to DeWitt.

Gov. Phil Murphy has said all residents must wear face coverings in stores.

Police are seeking to identify the suspect.

Kagan did not immediately respond to a voicemail message and multiple calls seeking comment Friday.

(For a live blog on the U.S. stock market, click or type LIVE/ in a news window)

* Apple, Facebook at record highs after strong results

* Dow weighed down by Chevron, Exxon losses

* Indexes: S&P up 0.15%, Nasdaq adds 0.86%, Dow off 0.13% (Updates to open)

By Medha Singh and Devik Jain

July 31 (Reuters) – The S&P 500 and Dow gave up early gains on Friday as concerns about the economic damage from the COVID-19 pandemic replaced early euphoria from stunning quarterly earnings reports by Apple, Amazon.com and Facebook.

Apple Inc surged 6.4% as it delivered year-on-year revenue gains across every category and in every geography.

Amazon.com Inc jumped 4.4% after posting the biggest profit in its 26-year history, while Facebook Inc gained 7.7% it reported better-than-expected revenue.

Google-parent Alphabet Inc, on the other hand, fell 4.2% as quarterly sales dipped for the first time in its 16 years as a public company.

Investors betting on more U.S. government stimulus, before an extra $600-per-week federal jobless benefit expires on Friday, have also been disappointed as the Senate adjourned for the weekend and will return on Monday.

“There is a bit of a balancing act between the positives and negatives, a deluge of pretty strong tech earnings and then the struggle in Congress to try to get the COVID-19 stimulus package passed,” said Dan Eye, head of asset allocation and equity research at Fort Pitt Capital Group in Harrisburg, Pennsylvania.

A surge in the stock price of the tech titans, which make up nearly a fifth of the S&P 500’s value, as well as aggressive fiscal and monetary stimulus have sent the tech-heavy Nasdaq to record highs and set the S&P 500 on course for its fourth straight monthly gain.

The benchmark index is now about 4% shy of its February all-time high, but faltering macroeconomic data and rising COVID-19 cases are making investors cautious again.

Figures on Thursday confirmed the sharpest contraction in U.S. GDP since the Great Depression, while rising jobless weekly claims suggested a nascent recovery in the labor market was stalling.

“We’ve already seen a lot of positives play out and that’s reflected in the pricing (but) we don’t think the market has priced in a cushion for unexpected events on the downside,” Eye said.

At 10:01 a.m. ET, the S&P 500 was up 4.72 points, or 0.15%, at 3,250.94, and the Nasdaq Composite was up 91.00 points, or 0.86%, at 10,678.81. The Dow Jones Industrial Average was down 32.94 points, or 0.13%, at 26,280.71.

The second-quarter earning season is past the halfway mark with about 82.4% of companies that have reported beating significantly lowered estimates, according to Refinitiv IBES data.

Energy stocks fell the most among the 11 major S&P sectors after Chevron Corp reported an $8.3 billion loss on asset writedowns and ExxonMobil Corp recorded a second consecutive quarterly loss.

Caterpillar Inc reversed premarket gains and fell 3.2% after the heavy equipment maker signaled more pain from an uncertain economic outlook.

Declining issues outnumbered advancers 1.52-to-1 on the NYSE and 1.56-to-1 on the Nasdaq.

The S&P index recorded 25 new 52-week highs and no new low, while the Nasdaq recorded 79 new highs and six new lows. (Reporting by Medha Singh and Devik Jain in Bengaluru; Editing by Saumyadeb Chakrabarty and Shounak Dasgupta)

SoftBank has been rumored to be exploring a sale of ARM — the British chip designer that powers nearly every major mobile processor from companies like Qualcomm, Apple, Samsung, and Huawei — and now, it might have found a buyer. Nvidia is reportedly in “advanced talks” to buy ARM in a deal worth over $32 billion, according to Bloomberg.

Nvidia is said to be the only company that’s involved in concrete discussions with SoftBank for the purchase at this time, and a deal could arrive “in the next few weeks,” although nothing is finalized yet. If the deal does go through, it would be one of the largest deals ever in the computer chip business and would likely draw intense regulatory scrutiny.

SoftBank bought ARM in 2016 for $31 billion, and ARM has only grown in value since then as its designs have become more and more integral to Android and iOS devices alike. Microsoft already makes an ARM-based Surface and a version of Windows designed for ARM; Apple also recently announced that it would be switching its Mac computers over to ARM-based chipsets in the latest boon for the company. As SoftBank looks to pay off its growing pile of debt in order to appease uneasy investors, a sale of ARM at its peak could help bolster the Japanese technology conglomerate’s finances.

Nvidia would make an interesting owner for ARM — while the company is the leader for GPUs (which ARM also designs), it has little to do with CPU design or mobile hardware outside of its Tegra line of mobile chipsets (most famously used by the Nintendo Switch and the Nvidia Shield line of set-top boxes), which actually are based on ARM designs.

Owning ARM would give Nvidia far more power over the broader computing world and likely trigger some heavy scrutiny from regulators, given that Nvidia is a customer of ARM, which competes with other companies that also rely on ARM’s designs.

(For a live blog on the U.S. stock market, click or type LIVE/ in a news window)

* Apple, Facebook at record highs after strong results

* Dow weighed down by Chevron, Exxon losses

* Indexes: S&P up 0.15%, Nasdaq adds 0.86%, Dow off 0.13% (Updates to open)

By Medha Singh and Devik Jain

July 31 (Reuters) – The S&P 500 and Dow gave up early gains on Friday as concerns about the economic damage from the COVID-19 pandemic replaced early euphoria from stunning quarterly earnings reports by Apple, Amazon.com and Facebook.

Apple Inc surged 6.4% as it delivered year-on-year revenue gains across every category and in every geography.

Amazon.com Inc jumped 4.4% after posting the biggest profit in its 26-year history, while Facebook Inc gained 7.7% it reported better-than-expected revenue.

Google-parent Alphabet Inc, on the other hand, fell 4.2% as quarterly sales dipped for the first time in its 16 years as a public company.

Investors betting on more U.S. government stimulus, before an extra $600-per-week federal jobless benefit expires on Friday, have also been disappointed as the Senate adjourned for the weekend and will return on Monday.

“There is a bit of a balancing act between the positives and negatives, a deluge of pretty strong tech earnings and then the struggle in Congress to try to get the COVID-19 stimulus package passed,” said Dan Eye, head of asset allocation and equity research at Fort Pitt Capital Group in Harrisburg, Pennsylvania.

A surge in the stock price of the tech titans, which make up nearly a fifth of the S&P 500’s value, as well as aggressive fiscal and monetary stimulus have sent the tech-heavy Nasdaq to record highs and set the S&P 500 on course for its fourth straight monthly gain.

The benchmark index is now about 4% shy of its February all-time high, but faltering macroeconomic data and rising COVID-19 cases are making investors cautious again.

Figures on Thursday confirmed the sharpest contraction in U.S. GDP since the Great Depression, while rising jobless weekly claims suggested a nascent recovery in the labor market was stalling.

“We’ve already seen a lot of positives play out and that’s reflected in the pricing (but) we don’t think the market has priced in a cushion for unexpected events on the downside,” Eye said.

At 10:01 a.m. ET, the S&P 500 was up 4.72 points, or 0.15%, at 3,250.94, and the Nasdaq Composite was up 91.00 points, or 0.86%, at 10,678.81. The Dow Jones Industrial Average was down 32.94 points, or 0.13%, at 26,280.71.

The second-quarter earning season is past the halfway mark with about 82.4% of companies that have reported beating significantly lowered estimates, according to Refinitiv IBES data.

Energy stocks fell the most among the 11 major S&P sectors after Chevron Corp reported an $8.3 billion loss on asset writedowns and ExxonMobil Corp recorded a second consecutive quarterly loss.

Caterpillar Inc reversed premarket gains and fell 3.2% after the heavy equipment maker signaled more pain from an uncertain economic outlook.

Declining issues outnumbered advancers 1.52-to-1 on the NYSE and 1.56-to-1 on the Nasdaq.

The S&P index recorded 25 new 52-week highs and no new low, while the Nasdaq recorded 79 new highs and six new lows. (Reporting by Medha Singh and Devik Jain in Bengaluru; Editing by Saumyadeb Chakrabarty and Shounak Dasgupta)

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