The Dow Jones Industrial Average was up in late-morning trading Monday, while the S&P 500 Index and Nasdaq Composite were down, as investors look ahead to critical earnings results and inflation data releases.
In company news, Starbucks (SBUX) told MT Newswires it is not buying Chipotle Mexican Grill (CMG), refuting reporting from last week. Starbucks shares were up 1.3% around midday, while Chipotle shares were down 4.6%.
IonQ (IONQ) said Monday it signed an agreement to acquire cybersecurity firm Elisity in an all-stock deal worth up to $1.3 billion. The deal will include up to $150 million in earnout opportunity, depending on Elisity's performance, the company said. IonQ shares were down 9.5%.
Microsoft (MSFT) said Monday it is scaling its Azure Maia family to multi-gigawatt deployments, beginning in 2027, which will make Maia the primary inference system for Microsoft products and services. Microsoft shares were up 1.2%.
Nvidia (NVDA) is in talks to acquire open model startup Reflection AI, the Financial Times reported Saturday, citing people with direct knowledge of the matter. Nvidia shares were down 1.6%.
Amazon (AMZN) is in talks to acquire AI startup Decart in a $7 billion deal, The Wall Street Journal reported Sunday, citing people familiar with the matter. Amazon shares were down 0.4%.
Salesforce (CRM) has entered a definitive agreement to acquire Loops, an AI-powered analytics platform, the company said Monday. The deal is expected to close in early November of Salesforce's fiscal 2027, the company said. Financial terms were not disclosed. Salesforce shares were up 2.1%.
Delta Air Lines (DAL) said Monday it is delaying the planned launch of nonstop flights between Atlanta and Riyadh, Saudi Arabia until March 2027 due to safety and security concerns. Delta shares were down 1.4%.
Price: 92.06, Change: +1.31, Percent Change: +1.44
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