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U.S. equities gained at midday Monday amid optimism about potential Federal Reserve interest rate cuts in the wake of Friday's jobs report. The Dow, S&P 500, and Nasdaq were all higher.
Paramount Global (PARA) shares gained amid reports the media and entertainment company will discuss a possible takeover bid from Sony and Apollo Global Management.
Shares of Micron Technology (MU) jumped after Baird upgraded the stock, saying it sees meaningful opportunities for upside after shares fell recently.
Berkshire Hathaway (BRK.A, BRK.B) shares advanced as the conglomerate run by Warren Buffett posted a jump in operating income and said its cash holdings were at an all-time high.
Tyson Foods (TSN) shares sank after the giant meat processor said full-year beef and pork operating income would be lower than previous guidance as consumers are pressured by inflation and commodity costs rise. Its chief executive also warned of macroeconomic headwinds in its earnings call.
Shares of Spirit Airlines (SAVE) plummeted after the discount carrier reported a bigger-than-expected loss for the first quarter and its guidance missed estimates on slowing demand for domestic flights.
Shares of Steel Dynamics (STLD) and several other steel makers slid after European regulators approved Nippon Steel's $14.9 billion purchase of U.S. Steel (X). U.S. Steel shares climbed.
Oil and gold futures rose. The yield on the 10-year Treasury note was little changed. The U.S. dollar lost ground to the euro and pound, but gained on the yen. Prices for most major cryptocurrencies fell. TradingViewKey Takeaways
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