The S&P 500's Gains and Losses Today

Here are the S&P💮 500 stocks that gained and lost the most ꦦtoday.

Dow Rises to End Four-Session Slide

The 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average opened the last week of September by gaining 0.13%, or about 43 points, rising ౠfor the f🐽irst time in five sessions. So far, the Dow has lost about 2% in September. 

Chemical maker Dow Inc. (DOW) gained 1.7% after an๊alysts at JPMorgan Chase upgraded it to “Overweight” from “Neutral” and set a $55 price target saying the stock was trading at an attractive valuation and offered investors “possible positive responsiveness to higher oil price values.”

Chevron (CVX) jumped 1.5% after it said it would🐻 increase its Venez⛄uelan oil output by 65,000 barrels per day by the end of 2024. 

Honeywell (HON) and Walgreens Boots Alliance (WBA) each gained a little more than 1%.

Shares of 3M (MMM) fell 2.3% after it said it had stopped all production of PFAs, or “forever chemicals," at its Belgian plant. The company 澳洲幸运5开奖号码历史查询:agreed in Junꦚe to pay more than $10 billion to settle several class-action lawsuits over𒊎 the health effects of PFA exposure. 

Nike (NKE) shares dropped 0.3% after Jefferies downgraded it to “Hold” from “Buy,” warning that the shoemaker could be pinched by 澳洲幸运5开奖号码历史查询:the resumption of student loan repa⛄yments. Nike will report qua♋rterly earnings on Thur꧒sday. 

Walt Disney Company (DIS) dipped 0.3% after the Hollywood writers union and media companies reached a tentative agreement to end the five-month wr🥃iters’ strike in a deal that the union called “exceptional.”

-Terry Lane

Uranium Miner ETFs Jump as Uranium Prices Hi🃏t P🍌ost-Fukushima High

Shares of uranium miners jumped Monday, extending a months-long rally driven by the world’s amb✨ivalent embrace of nuclear energy as an alternative to coal and gas.

The price of uranium has risen ♊about 40% so far this year to $66 a pound, its highest level since the 2011 Fukushima Daiichi reactor disasꦅter. 

Shares of uranium miners and the ETFs that invest in them have soared alongside prices. The VanEck Uranium Nuclear Energy ETF (NLR) is up 32% this year, while the Sprott Uranium Miners ETF (URNM) has gained 50%.

The reasons for the surge are manifold. Governments are looking for ways to meet climate goals while boosting energy output, and nuclear energy is considered a highly efficient 澳洲幸运5开奖号码历史查询:carbon-free power source. European nations are also looking to bolster their energy independence after Russia’s invasion of Ukraine last year disrupted natural gas flows and contributed to decades-high inflation that governments are still working to✱ tame.&n🎀bsp;

Ford Deal With Canada's Unifor Could Add Pressure on Big Three Negotiations With UAW

Canadian labor union Unifor ratified a new contract with Ford on Sun𒐪day, in a move that could add pressure on the 澳洲幸运5开奖号码历史查询:Big Three automakers to reach an agreemen✅t with striking auto workers in the U.S.

Unifor, the largest private-sector union in Canada came to an agreement with Ford on Sunday that increases wages, reinstates the Cost of Living Allowance (COLA), and enhances benefits such as pensions and time off.

The Unifor and Ford deal comes just days after theꦇ UAW expanded its stand-up strike against Gene൩ral Motors and Stellantis, but spared Ford as the union said it was making progress in negotiatio💧ns.

“The quick resolution in Ca⛦nada shows that Ford is willing to negotiate,” which puts pressure on the Big Three, said Sam Fiorani, the vice president of global vehicle forecasting at Aut🦹oForecast Solutions.

Shares of Ford (F) and GM (GM) were about 1% higher, while Stellantis (STLA) shares were🌜 1% lower in intraday trading on Monday as of 2:30 p.m. ET.

-Naomi Buchanan

Jefferies Warns End of Student Loan Forgiveness Could Impact Nike's Sales

Nike (NKE) 澳洲幸运5开奖号码历史查询:shares fell Monday morning after Jefferies indicated the athletic apparel retailer's sales could be hurt as the ending of the student loan payback 澳洲幸运5开奖号码历史查询:moratorium cuts into spending by younger customers.

Analyst Randal Konick pointed to a survey sh▨owing almost 90% of respondents with outstanding student debt were somewhat worried about being able to meet their monthly bills.

Konick also suggested that along with the pressure from debt repayments, Nike could face 澳洲幸运5开奖号码历史查询:headwinds from China because of choppy sales💃 tre༒nds in that region. 

He downgraded Nike, along with rival retailers Foot Locker (FL) and Urban Outfitters (URBN), to "hold" from "buy."

Nike shares traded down in the previ🎶ous six sessions and hit their lowest level since November. Shares of Foot Locker and Urban Outfitters also declined.

-Bill McColl

Midday Market Movers

Steel Dynamics (STLD): Shares of the steel maker rose more than 3% after it was 🎃upgraded to buy from hold by Citigroup, citing an expected increase in demand amid seasonal restocking. 

Williams-Sonoma Inc. (WSM): Shares of the home goo♑ds retailer jumped 10% after private equity firm Green Equity Investors revealed in a regulatory filing it had acquired ✱a 5% stake.

Alcoa Corp. (AA): The aluminum manufacturer’s 🧜shares dropped more than 4% after the company named COO William Oplinger as its new CEO replacing Roy C. Harvey, who was suddenly dismissed from his role on Sunday.

Li Auto Inc. (LI): The Chinese electric vehicle maker’s shares lost 9% after the tech giant Huawei unveiled an electric luxury sedan model made with state-owned Chery Automobile. Asian EV competitors VinFast Auto (VFS) and Nio (NIO) fell 11% and 2%, respectively.

Oil Prices Might Be Higher, but the Econ꧃omy Will Manage, Goldman 🐻Says

澳洲幸运5开奖号码历史查询:Rising oil prices nudged inflatio🔯n up in August after months of declines, but they’re unlikely to have much of an 🌼im𝔉pact on GDP growth, according to Goldman Sachs analysts. 

Goldman expects consumer spending growth to slow this winter, but it doesn’t see GDP or spend✨ing shrinking. In an analyst note Monday, the firm gave three reasons𒈔 for its optimism: 

1. It looks like gas prices have rebounded as much as they’re going to, making this a relatively small surge compared to last year's. Goldman sees higher prices at the pump shrinking consumer spending by an annualized rate of 0.7 percentage points in the next two quarters.
2. Higher energy-sector 澳洲幸运5开奖号码历史查询:capital expenditures and lower electricity prices will slightly offset that dip in consumer spending. Goldman sees energy capex boosting GDP by 0.1 percentage points, and lower coal and gas prices boosting spending by 0.1-0.2 percentage points.
3. The Fed won’t respond to higher oil prices with a rate hike, nor will higher prices dramatically increase inflation expectations, thus indirectly forcing a rate hike.

SEC Fines Deutsche ꦡBank Subsidiary $🐈19 Million for Misstating ESG Objectives

The U.S. Securities and Exchange Commission (SEC) on Monday fined D൩WS Securitiesℱ, a subsidiary of Deutsche Bank (DB), a combined $25 million for misstatements regarding its environmental, social, and governance (ESG) reporting as well as failure to set up an anti-money laundering program.

The SEC's move reflects its rigor to enforce penalties against companies and funds that mislead investors with overblown claims about ESG, a phenomenon known as 澳洲幸运5开奖号码历史查询:greenwashing.

Last week, a panel of SEC regulators voted🍨 4-1 to require ESG and other theme-based funds to abide by the Names Rule, a 2001 rule that requires funds to hold at least 80% of their assets in the type of investment or 澳洲幸运5开奖号码历史查询:asset class most closely associated with the fund's name.

Deutsche Bank shares were down close to 1% in morning trading Monday. They've fallen more than 9% so far this year.

-Mack Wilowski

Amazon Accelerates Heated AI Race With Up 🤪to $4 Billion Investment in Startup Anthropic

Amazon (AMZN) will 澳洲幸运5开奖号码历史查询:invest up to $4 billion in artificial intelligence firm Anthropic to aggressively compete with Microsoft-backed ChatGPT and Google's Bard.

The e-commerce giant's immediate investment will be $1.25 billion. Another $2.75 billion in funding can be triggered by either party. Amazon will be a minority partner without a seat on the board, but its exact amount of ownership has not been disclosed.

Amazon shares were up about 1.5% midday Monday.

-Fatima Attarwala

Treasury Yields Continue Their Relentless Surge

Treasury yields, which jumped to♏ fresh highs last week, climbed even higher M🅷onday morning as the Fed’s hawkish signals last week set in. 

The yield on 30-year bonds surged 11 basis points to ♒as high as 4.647%, its highest since April 2011. And the 10-year yield climbed 9 basis points to as high as♊ 4.53%. 

Shorter-dated bond yields, like that of the 2-year, rose more modestly, bringing the Treasury yi♍eld curve to its least inverted si🐭nce May. 

A 澳洲幸运5开奖号码历史查询:yield curve is a graphic representation of the yields on bonds of the same credit quality and different maturities. The 澳洲幸运5开奖号码历史查询:yield curve is said to be inverted when yields on short-term bonds exceed those of long-term bonds.&n๊bsp;

The Treasury yield curve—calculated by subtracting the yield of 2-year Treasurys from that of 10-year Treasurys—has been inverted since July 2022 and in June reached its most inverted since 1981.

An inverted yield curve is widely seen as one of the most reliable predi⛄ctors of a recession𒈔, but it doesn't g♉uarantee that there will be one.

Media Stocks Fluctuate🌳 After Writers Guild Reaches🐓 Tentative Deal With Studios

Shares of media companies jumped in pre-market trading on Monday before giving back those gains, after Hollywood writers 澳洲幸运5开奖号码历史查询:reached a tentative agreement with major studios over the weekend.

Calling the deal "exceptional," the WGA said it will not share additional details until the three-year contract agreement is approved by the guild's board and members through a vote, which is scheduled on Tuesday.

Warner Bros. shares gained more than 3% ahead of the opening bell but were down 1.3% about an hour into the regular trading session. Paramount shares down 0.7% after rising more than 3% in premarket trading. Disney shares, which had also gained in premarket trading, were about 0.2% lower. Netflix (NFLX) was up 0.8%.

-Fatima Attarwala

Stocks Making the Biggest Moves Premarket

Gains:

• Joby Aviation Inc. (JOBY): Shares of the electric aircraft maker rose more than 4% after it delivered its first air taxi to the Air Force.
• Warner Bros. Discovery Inc. (WBD): The entertainment company’s shares gained about 2% after Hollywood studios reached a tentative deal with striking writers that could end their five-month-long strike. Shares of Paramount Global (PARA) and Netflix (NFLX) were up about 1% each.
• AstraZeneca Plc (AZN): The vaccine maker’s shares climbed more than 1% after it was upgraded to buy by analysts at Jefferies. 澳洲幸运5开奖号码历史查询:Shares rose Friday after it said an experimental breast cancer treatment developed with Japanese firm Daiichi Sankyo showed positive results in a phase 3 clinical trial.
• Carmax Inc. (KMX): Shares climbed 2% after analysts at Wedbush upgraded the used car retailer’s stock to outperform from neutral and raised their price target to $90 from $85.

Losses:

• HP Inc. (HPQ): The computer maker’s shares fell more than 2% after Berkshire Hathaway, which took an 11% stake in the company in 2022, trimmed its holding 澳洲幸运5开奖号码历史查询:for the second time this month.
• Rio Tinto Plc (RIO): Shares of the mining company dropped 3% after it paused work at an Australian mine after a blast damaged a nearby Indigenous rock shelter.
• Nike Inc. (NKE): Shares slipped about 2% after Jefferies analysts downgraded the apparel company to hold from buy, citing concerns about consumer demand and a slowdown in China. Nike will report results for the first quarter of its 2024 fiscal year on Thursday.

5 Things to Know Before Markets Open

Here's 澳洲幸运5开奖号码历史查询:what investors need to know to start their day:

1. Shares of major media companies moved higher in premarket trading after a tentative agreement was reached with the Hollywood writers’ union that would end a 澳洲幸运5开奖号码历史查询:five-month strike that brought several productions to a standstill.
2. Amazon shares (AMZN) were up 0.5% in premarket trading after the online retailer announced it would invest up to $4 billion in artificial intelligence company Anthropic.
3. Shares of computer maker HP (HPQ) fell 2.4% in premarket trading after 澳洲幸运5开奖号码历史查询:holding company Berkshire Hathaway trimmed its stake in the company for the second time this month.
4. The union representing Canadian auto workers voted to approve an agreement with Ford (F) that will result in a 15% pay increase for the nearly 5,600 workers at Ford facilities in Canada.
5. Shares of Instacart (CART) fell 2.5% in premarket trading after analysts for BTIG initiated coverage of the stock, assigning it a rating of “Neutral.”

-Terry Lane

Stock Futures Drop as Bond Yields March Higher

Futures connected to the Dow🐼 Jones Industrial Average were down 0.3🥀% in premarket trading.

S&P 500 futures were 0.4% lower.

Nasdaq 100 contracts lost 0.4%.