Key Takeaways
- U.S. equities were mixed and little changed ahead of more big corporate earnings reports scheduled for this week.
- Keurig Dr Pepper is buying coffee maker JDE Peet's and will split into two, coffee and soft drinks.
- Netflix's “Kpop Demon Hunters” scored a big-box office take when it was shown in movie theaters this weekend.
U.S. equities were mixed and little changed at midday as the market awaited more key corporate earnings reports this week, including from Nvidia (NVDA). The Dow Jones Industrial Average and S&P 500 fell, while the Nasdaq gained.
Keurig Dr Pepper (KDP) was the worst-performing stock in the S&P 500 when the beverage giant announced it was paying $18 billion to purchase Peet's Coffee parent JDE Peet's, and intends to split into two parts: coffee and soft drinks.
Shares of furniture retailers RH (RH), Wayfair (W), and Williams-Sonoma (WSM) tumbled after President Donald Trump said he would soon be putting tariffs on furniture imports.
American Eagle Outfitters (AEO) shares dropped on a downgrade from Bank of America, which said that while the Sydney Sweeney ad campaign may boost the clothing retailer in the near term, tariffs would likely hurt results.
Netflix (NFLX) shares advanced on indications the biggest streaming service's animated film “Kpop Demon Hunters,” which was shown in movie theaters over the weekend, was a box-office hit.
Shares of Seagate Technology Holdings (STX) rose on positive comments from Cantor Fitzgerald, which reiterated its “overweight” rating on the chipmaker.
Intel (INTC) shares were up again after a 5.5% jump on Friday after the U.S. took about a 10% stake in the struggling semiconductor manufacturer.
Oil futures were higher. Gold prices were little changed. The yield on the 10-year Treasury note climbed. The U.S. dollar was up on the euro, pound, and yen. Most major cryptocurrencies traded lower.
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