U.S. Stocks on the Move: Microsoft, Coastal Financial, Eli Lilly
SPY•Notable stock movers
The top three S&P 500 percentage gainers were Datadog Inc, up 9.8%; APA Corporation, up 8.6%; and Vertex Pharmaceuticals Incorporated, up 7.0%.
The top three S&P 500 percentage losers were Coherent Corp., down 11.8%; Lumentum Holdings Inc., down 6.7%; and Trade Desk Inc., down 5.6%.
Among named stocks, Microsoft Corp. was up after a report said the firm plans to unveil a new Maia 300 AI chip in September. Coastal Financial Corp. rose as insiders bought more than $1 million worth of shares. Eli Lilly and Co. rose after a UK regulator approved its weight-loss drug.
Other company moves mentioned in the report
Other movers included Barrick Mining Corp, down on a Q2 profit miss; Apple Inc, down on anniversary iPhone concerns; National Energy Services Reunited Corp, up on a Q2 revenue beat; Varex Imaging Corp, set for a record jump as Teledyne agreed to buy the X-ray imaging maker in a $1.1 billion deal; and Intel Corp, down after unveiling a $15 billion planned share sale.
Energy stocks gained as crude rose on uncertainty around the Strait of Hormuz, while U.S. carriers fell on the oil move.
Wall Street subdued as investors watch oil and inflation data
August 10 (Reuters) - Wall Street's main indexes were subdued on Monday after a recent rally that took the S&P 500 and the Dow to record highs, as investors weighed Middle East developments that lifted oil, while awaiting crucial inflation data and earnings.
At 13:30 EDT, the Dow Jones Industrial Average was down 0.24% at 53,908.96. The S&P 500 was down 0.05% at 7,754.09 and the Nasdaq Composite was down 0.32% at 26,604.26.
