Key Takeaways
- The S&P 500 gained 0.7% on Monday, Nov. 20, 2023, adding to last week's gains amid optimism that slowing inflation will keep the Federal Reserve from raising interest rates.
- Deutsche Bank upgraded Boeing and raised its price target for the stock, and shares of the plane maker jumped.
- Bristol-Myers Squibb shares declined as the U.S. Food and Drug Administration (FDA) delayed a decision on expanding the use of the pharmacutical company's blood cancer drug.
U.S. equities kicked off the Thanksgiving-shortened trading week on a positive note, continuing last week's momentum fueled by optimism that easing inflation will lead the Federal Reserve to stop raising interest rates. The S&P 500 added 0.7% on Monday.
Boeing (BA) shares picked up 4.7% as Deutsche Bank upgraded the stock and boosted its 澳洲幸运5开奖号码历史查询:price target based on the company's increas♔ed plane deliveries.
Paramount Global (PARA) shares jumped 5.6% after the entertainment conglomerate sold its Bellator mixed marti꧂al arts unit t𝓀o the Professional Fighters League as it moves to shut its sports operations at Showtime.
General Motors (GM) shares gained 1.8% following a shake-up at its Cruise self-driving taxi unit, with 澳洲幸运5开奖号码历史查询:co-found𝓰er and CEO Kyle Vogt resig🦹ning.
Microsoft (MSFT) shares advanced 2.1% Monday after the software firm 澳洲幸运5开奖号码历史查询:hired former OpenAI CEO Sam Altman to run Microsoft's artificial intelligence ♋research team.
Bristol-Myers Squibb (BMY) shares 澳洲幸运5开奖号码历史查询:sank 3.8%, and shares of its partner 2seventy Bio (TSVT) lost 18.3% as the 澳洲幸运5开奖号码历史查询:Food and Drug Administration (FDA) delayed a planned December decision on the drug makers' request for exp♉anded use of their blood cancer treatment.
United Rentals (URI) shares slipped 1.9% when British ri💝val Ashtead Group warned that itsꦦ profit would be negatively affected by reduced demand in the U.S.
NRG Energy (NRG) shares slumped 1.6% after CEO Mauricio Gutierrez stepped down and the power provider added new members to the board as it faced pressure to make changes from 澳洲幸运5开奖号码历史查询:activist investor Elliot Investment Management.