Technology stocks weighed on the Nasdaq and the S&P 500 on Monday as prudent investors awaited a pivotal monetary policy decision from the Federal Reserve later in the week and most traders priced in a steep reduction in borrowing costs. .N
At 13:40 ET, the Dow Jones Industrial Average .DJI was up 0.43% at 41,573.37. The S&P 500 .SPX was up 0.01% at 5,626.8 and the Nasdaq Composite .IXIC was down 0.79% at 17,544.827.
The top three S&P 500 .PG.INX percentage gainers:
** Bath & Body Works
** Oracle
** Vistra
The top three S&P 500
.PL.INX percentage losers:
** Qorvo
** Skyworks Solutions
** Micron Technology
The top three NYSE
.PG.N percentage gainers:
** Li-Cycle Holdings
** Container Store Group
** Vince Holding
The top two NYSE
.PL.N percentage losers:
** Healthy Choice Wellness
** Perspective Therapeutics
The top three Nasdaq
.PG.O percentage gainers:
** NuCana
** REE Automotive
** Wheeler Real Estate Investment Trust
The top three Nasdaq
.PL.O percentage losers:
** JBDI Holdings
** iTeos Therapeutics
** SMX
** Intel INTC.O: up 3.4%
BUZZ - Gains on report of qualifying for $3.5 bln grant to make chips for US military
** Iteos Therapeutics ITOS.O: down 26.9%
BUZZ - Falls after mid-stage study results for lung cancer drug
** Bausch + Lomb BLCO.N: up 13.9%
BUZZ - Gains after report co exploring sale
** Coinbase Global COIN.O: down 1.2%
** Bitfarms BITF.O: down 3.2%
** Riot Platforms RIOT.O: down 3.6%
** Hut 8 Mining HUT.O: down 1.9%
BUZZ - Crypto stocks slump on bitcoin weakness
** Alcoa AA.N: up 6.9%
BUZZ - Rises after sale of $1.1 bln stake in Ma’aden joint venture
** Trump Media & Technology Group DJT.O: down 3.2%
BUZZ - Resumes slump after new assassination attempt on Trump; lock-up expiration looms
** Intercontinental Exchange ICE.N: up 1.0%
BUZZ - J.P. Morgan raises Intercontinental Exchange's PT on strong energy trading
** Zillow Group ZG.O: up 4.9%
BUZZ - Rises; Wedbush upgrades to 'outperform', lifts PT
** Nuvalent NUVL.O: up 22.3%
BUZZ - Gains after brokerages raise PT on promising cancer therapy data
** Zentalis Pharmaceuticals ZNTL.O: up 19.3%
BUZZ - Gains as FDA lifts partial clinical hold on cancer drug studies
** FedEx FDX.N: up 2.1%
BUZZ - Bernstein raises FedEx PT on reduced cost of operations
** Upstart Holdings UPST.O: down 3.6%
BUZZ - Slides on planned $300 mln convertible debt deal
** Builders FirstSource BLDR.N: up 3.0%
BUZZ - Rises after Truist upgrade
** Lattice Semiconductor LSCC.O: up 12.7%
BUZZ - Rises; appoints new CEO
** REE Automotive REE.O: up 42.7%
BUZZ - Rises on $45 mln fund raise, Motherson tie-up
** Charles Schwab SCHW.N: up 2.7%
BUZZ - Up after reporting higher client assets in August
** CACI International CACI.N: up 3.6%
BUZZ - Rises after $1.28 bln Azure Summit deal
** Complete Solaria CSLR.O: up 19.5%
BUZZ - Gains after emerging as winning bidder for SunPower assets
** Sterling Bancorp SBT.O: down 19.7%
BUZZ - Tumbles after agreeing to $261 mln sale
** Icahn Enterprises IEP.O: up 9.0%
BUZZ - Shares jump after lawsuit dismissal, no-sell assurance
** Yelp YELP.N: down 3.8%
BUZZ - Shares fall as BofA initiates coverage with bearish rating
** Mosaic MOS.N: down 4.5%
BUZZ - Falls as it sees lower Q3 potash, phosphate production
** QXO QXO.O: down 5.1%
BUZZ - Slips after Rexel rejects co's $9.4 billion takeover bid
** Boeing BA.N: down 1.2%
BUZZ - To freeze hiring, weigh furloughs; shares down
** New York Community Bancorp NYCB.N: up 7.0%
BUZZ - Climbs after Flagstar unit boosts ranks with four new hires
** Carvana CVNA.N: up 8.1%
BUZZ - Jumps after Evercore ISI raises PT
** Apple AAPL.O: down 3.0%
** Qorvo QRVO.O: down 7.0%
** Micron Technology MU.O: down 4.8%
** Skyworks Solutions SWKS.O: down 6.2%
BUZZ - Worries about weak iPhone demand put pressure on chipmakers
** Sprouts Farmers Market SFM.O: up 5.5%
BUZZ - Rises after Evercore upgrades to 'outperform'
** Lazydays Holdings GORV.O: up 7.1%
BUZZ - RV retailer Lazydays announces CEO exit; shares up
** AeroVironment AVAV.O: down 8.8%
BUZZ - Plummets on contract suspension
** Simon Property Group SPG.N: up 1.2%
BUZZ - Gain after Evercore upgrades to 'outperform', raises PT
** Ascendis Pharma ASND.O: up 19.5%
BUZZ - Rises on positive trial data for dwarfism therapy
The 11 major S&P 500 sectors:
Communication Services |
.SPLRCL |
up 0.41% |
Consumer Discretionary |
.SPLRCD |
down 0.34% |
Consumer Staples |
.SPLRCS |
up 0.23% |
Energy |
.SPNY |
up 0.87% |
Financial |
.SPSY |
up 1.05% |
Health |
.SPXHC |
up 0.55% |
Industrial |
.SPLRCI |
up 0.51% |
Information Technology |
.SPLRCT |
down 1.05% |
Materials |
.SPLRCM |
up 0.70% |
Real Estate |
.SPLRCR |
up 0.44% |
Utilities |
.SPLRCU |
up 0.87% |
(Rajarshi Roy and Neil J Kanatt)