U.S. stocks on the move: Southern Company, Diamondback Energy, Keurig Dr Pepper
SPY•At 10:30 EST, the S&P 500 was down 0.30%, with Keurig Dr Pepper among its top losers, falling 6.2%. Southern Company edged down after announcing a $1.75 billion mandatory convertible, while Diamondback Energy was listed among energy stocks gaining after comments raised doubts over a deal with Iran.
1. Stocks and indexes
Wall Street's main indexes were on course to open lower as fears of a possible Nvidia CEO ouster and higher oil prices prompted investors to retreat to the sidelines. At 10:30 EST, the Dow was down 0.07%, the S&P 500 was down 0.30% and the Nasdaq Composite was down 0.51%.
2. Company moves
Keurig Dr Pepper fell 6.2%, among the S&P 500's biggest percentage losers, after beginning a $2 billion stock offering. Southern Company edged down after announcing a $1.75 billion mandatory convertible. Diamondback Energy was listed with U.S. energy stocks gaining after comments from Trump raised doubts over an Iran deal.
