U.S. stocks on the move: EVgo, Dropbox, Akamai Technologies
SPY•Wall Street’s main indexes climbed, with the Dow up 1.58%, the S&P 500 up 1.91% and the Nasdaq up 2.43% at 10:30 EST. EVgo fell after its third-quarter revenue missed estimates, Dropbox dipped on a planned $1 billion convertible debt sale, and Akamai slid after announcing $2.2 billion in convertible offerings.
1. Indexes advance
Wall Street’s main indexes climbed on Monday as investors attempted to shake off last week’s AI anxieties while awaiting more clarity on the controversy surrounding Nvidia CEO Jensen Huang. At 10:30 EST, the Dow Jones Industrial Average was up 1.58%, the S&P 500 was up 1.91% and the Nasdaq Composite was up 2.43%.
2. Company moves
EVgo shares fell after its third-quarter revenue missed estimates. Dropbox dipped on a planned $1 billion convertible debt sale, while Akamai Technologies slid after announcing $2.2 billion in convertible offerings.
