From Nasdaq: 2024-05-13 18:14:21

US stocks closed mixed on Monday, with the S&P 500 slightly down and the Nasdaq up slightly. Inflation concerns rose after NY Fed’s 1-year inflation expectations hit a 5-month high of 3.26%. Incyte Corp and Walgreens Boots Alliance saw gains. Intel may build a chip plant in Ireland with help from Apollo Global Management. Investors await US inflation reports this week.

Global stock markets dropped on Monday, with Euro Stoxx 50, China’s Shanghai Composite, and Japan’s Nikkei all down. 10-year T-note yield fell to 4.485%. European bond yields were mixed. US Stock Movers included Incyte Corp, Walgreens Boots Alliance, Apple, and Intel. Gaming stocks rose as more mainland cities were added for travel to Hong Kong and Macau. Squarespace to go private with Permira in a $6.9 billion deal.

Home Depot led losers in the Dow Jones Industrials. Meta Platforms fell after a new AI model release. MKS Instruments fell after announcing offering of convertible notes. Insulet declined on lower price targets. Booking Holdings has six months to comply with EU Digital Markets Act. Applied Materials downgraded by Jeffries. Earnings Reports on 5/14 include companies like Home Depot, Jack in the Box, Liquidia, and more. Stocks mentioned: Apple, Intel, Walgreens Boots Alliance, Incyte Corp.



Read more at Nasdaq: Stocks Close Little Changed on Caution Ahead of US Inflation Reports