U.S. stocks on the move: Roper, Corcept, Moderna
SPY•Major U.S. indexes rose on Monday, with the S&P 500 up 0.92% and the Nasdaq up 1.24% at 11:30 EDT. Roper rose after an upgrade, Corcept after positive mid-stage ovarian cancer drug results, and Moderna extended its slide after a bearish analyst view.
1. Indexes advance
Wall Street's main indexes edged higher on Monday, led by technology shares, as investors assessed Anthropic's IPO filing ahead of a week of corporate earnings and the Federal Reserve's interest-rate decision. At 11:30 EDT, the Dow was up 0.32%, the S&P 500 0.92% and the Nasdaq 1.24%.
2. Company moves
Roper Technologies shares rose after J.P. Morgan upgraded the company, citing its software growth outlook. Corcept Therapeutics gained after its ovarian cancer drug showed positive results in a mid-stage study. Moderna shares extended their slide after Citi maintained a bearish view following full melanoma vaccine data.
