U.S. stocks on the move: SpaceX, Intel, Silgan Holdings
SPY•U.S. stock index futures gained Monday as AI-related shares rebounded from last week’s selloff, while oil prices and Treasury yields eased. Intel, SpaceX and Silgan Holdings were among the stocks in focus.
1. Stocks in focus
J.P. Morgan upgraded Intel to neutral, while shares of SpaceX rebounded after their worst week in three months. Silgan Holdings shares rose after it announced a $3.4 billion acquisition of Trivium.
2. Other movers
Red Cat Holdings shares rose after it said it planned to buy Austria’s Steyr Motors. Cleveland-Cliffs gained after beating third-quarter profit estimates, and U.S. neocloud stocks rebounded on dip-buying after the AI-sector selloff.
