CVS Health (CVS) shares jumped on reports hedge fund Glenview Capital Management was meeting with the pharmacy and health care chain's leadership to discuss a shakeup.
Key Points:
U.S. stock indexes were mixed on Monday afternoon, with the Nasdaq posting a slight gain and the Dow edging lower. The S&P 500 was nearly flat as traders awaited key economic data later this week.
CVS Health (CVS) shares soared after reports that Glenview Capital was meeting with the pharmacy and health care chain's leadership to discuss a shakeup.
Shares of FedEx (FDX) and UPS (UPS) advanced on expectations that air freight demand will surge if longshoremen on the East and Gulf Coasts go on strike on Tuesday.
Apple (AAPL) shares rose on indications that the tech giant will release an iPad-like smart home device next year.
Stellantis (STLA) shares plunged after the Jeep maker slashed its guidance, citing deteriorating market dynamics and competition from China. The news dragged down shares of rivals General Motors (GM) and Ford Motor (F).
Shares of Coinbase Global (COIN) and MicroStrategy (MSTR) were down along with the prices of Bitcoin and other major cryptocurrencies.
Carnival Corporation (CCL) shares dropped after the cruise line gave weaker-than-expected net yields guidance.
Oil futures were up, while gold prices fell. The yield on the 10-year Treasury note was higher, and the U.S. dollar gained against a basket of currencies.
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