Stocks making the biggest moves midday: MCHP, BLDR, ZM

Here are some of the stocks posting the biggest moves in midday trading Friday: Mohawk Industries , Builders FirstSource — Home construction plays jumped after Federal Reserve Chair Jerome Powell hinted that rate cuts could be around the corner, sparking hopes for lower borrowing costs. Builders FirstSource jumped 8%, while flooring company Mohawk Industries added 7%. Homebuilder Lennar and the iShares U.S. Home Construction ETF (ITB) both added more than 5%. Semiconductor stocks — Names in the sector jumped alongside the broader market on indication that the Fed could start lowering interest rates next month. The VanEck Semiconductor (SMH) climbed nearly 3%. Microchip Technology rallied about 6%, and On Semiconductor jumped more than 5%. Nvidia popped about 2%, while Broadcom added 3%. Ca