is Coty, with shares down 13.2% in early trading on Monday. Year to date, Coty has seen a 36.8% decline in its stock value. Investors are closely watching these trends as the market continues to fluctuate.
Meanwhile, the tech-heavy Nasdaq Composite index hit a record high on Monday, driven by gains in major tech companies like Apple and Microsoft. These companies saw their shares rise by 2.1% and 1.5% respectively, contributing to the overall positive performance of the index.
In economic news, the US unemployment rate fell to 5.8% in May, down from 6.1% in April. This beat economists’ expectations of a 5.9% unemployment rate. The job market continues to show signs of improvement as more businesses reopen and hiring increases across various sectors.
Read more at Nasdaq: S&P 500 Movers: RVTY, AMD