The stock market is trading higher midday. The S&P 500 added 0.27% while the tech-heavy Nasdaq Composite climbed 0.96%. The Dow Jones Industrial Average lost 0.42%. The Russell 2000 Index rose 0.1%.

S&P 500 big stock movers today

Five S&P 500 stocks making big midday moves are:

• Tapestry  (TPR)  +13.9%

• Digital Realty Trust  (DLR)  +11.2%

• Deckers Outdoor  (DECK)  +11.0%

• Resmed  (RMD)  +7.5%

• Western Digital  (WDC)  +6.8%

The worst-performing five S&P 500 stocks with the largest midday drop are:

• Mohawk Industries  (MHK)  -12.1%

• HCA Holdings  (HCA)  -10.0%

• Universal Health Services  (UHS)  -9.3%

• Principal Financial Group  (PFG)  -8.2%

• Hartford Financial Services Group  (HIG)  -6.6%

Stocks also worth noting include:

• Nvidia  (NVDA)  +1.6%

• Apple  (AAPL)  +0.5%

• Tesla  (TSLA)  +2.3%

• Capri  (CPRI)  -47.3%

• Spirit Airlines  (SAVE)  +18.14%

Coach parent soars while Michael Kors stock price halves

Coach owner Tapestry’s stock jumped 14% while Michael Kors parent Capri plummeted nearly 50% after a federal judge blocked Tapestry’s acquisition of Capri.

The FTC argued that the merger would hurt consumers by reducing competition and raising prices. Tapestry countered, claiming it would benefit customers through faster trends and better products.

Related: LVMH closes deal with a controversial luxury rival

Tapestry, the parent company of Coach, Kate Spade, and Stuart Weitzman, announced a plan over a year ago to acquire Capri Holdings—the owner of Versace, Jimmy Choo, and Michael Kors—in an $8.5 billion deal.

Tapestry plans to appeal, arguing the deal would benefit consumers by allowing faster trends and better products.

Deckers Outdoor surges on earnings beat

Deckers Outdoor, the maker of Ugg and Hoka shoes, gained 11% after posting strong earnings.

The company reported earnings of $1.59 per share, surpassing analysts' expectations of $1.24. Revenue came in at $1.31 billion, also exceeding the consensus estimate of $1.20 billion.

Related: Billionaire Bill Ackman buys 3 million shares of battered consumer stock

Deckers has raised its full-year outlook, now projecting a 12% increase in annual sales to $4.8 billion, up from its previous forecast of a 10% rise to $4.7 billion.

“HOKA and UGG produced outstanding second quarter results driven by strong consumer demand for our innovative and unique products,” said CEO Stefano Caroti in a statement.

Spirit Airlines climbs after plans to cut jobs and sell planes

Spirit Airlines surged 18% after the embattled company announced new plans to cut costs.