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官方开奖结果体彩网:price target based on the company's increased plane deliꦆveries.
Paramount Global (PARA) shares jumped 5.6% after the entertainment conglomerate sold its Bellat🃏or mixed martial arts unit to 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官方开奖结果体彩网:co-🥂founder 𓆉and CEO Kyle Vogt resigning.
Microsoft (MSFT) shares advanced 2.1% Monday after the software firm 澳洲幸运5官方开奖结果体彩网:hired former OpenAI CEO Sam Altman to ൩run Microsoft's artificial intelligence research team.
Bristol-Myers Squibb (BMY) shares 澳洲幸运5官方开奖结果体彩网:sank 3.8%, and shares of its partner 2seventy Bio (TSVT) lost 18.3% as the 澳洲幸运5官方开奖结果体彩网:Food and Drug Administration (FDA) de🙈layed a planned December decision on the drug makers' request for expandꦏed use of their blood cancer treatment.
United Rentals (URI) shares slipped 1.🀅9% when British rival Ashtead Group warned that its 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官方开奖结果体彩网:activist investor Elliot Investment Management.