U.S. Stocks Open Mixed on Monday; Disney Jumps 9%; Imago BioSciences Soars 105%

Tiger Newspress2022-11-21

Stocks fell Monday ahead of another batch of retail earnings to kick off a shortened week for the Thanksgiving holiday.

The S&P 500 slid 0.26%. The Dow Jones Industrial Average rose 67 points, or 0.27%. The Nasdaq fell 0.36%.

Disney bucked the negative trend, however, rising more than 9% after the media giant announced that Bob Iger would return as CEO, effective immediately.

Imago BioSciences, the cancer drug developer, agreed to be bought by Merck in a deal valued at $1.35 billion, or $36 per share in cash. Imago soared 105%.

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