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Post-Bell | Dow Closes 162 Points Lower; DWAC Soars 35% While SMCI Gains 7%

U.S. stocks lost ground at the start of a holiday-shortened week on Monday as investors positioned themselves ahead of inflation data.Market SnapshotThe Dow Jones Industrial Average fell 162.26 points

Post-Bell | Dow Closes 162 Points Lower; DWAC Soars 35% While SMCI Gains 7%

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Trump Media could start trading Tuesday under the ticker DJT.</p><p>Boeing — Shares ticked up 1.3% after the aerospace company said earlier on Monday that CEO David Calhoun would step down at the end of 2024. Board chairman Larry Kellner will also step down, the company added.</p><p style=\"text-align: start;\">Masimo — The medical technology company climbed 3.3%. On Friday, Masimo announced its board of directors has authorized management to evaluate a spinoff of its consumer business. Wells Fargo upgraded the stock to overweight from equal weight in light of the news.</p><p style=\"text-align: start;\">Super Micro Computer — The chip stock jumped over 7% after JPMorgan initiated coverage of the high-flying name. Analyst Samik Chatterjee issued Super Micro a rating of overweight and gave it a price target of $1,150, implying about 18% upside from Friday’s close.</p><p style=\"text-align: start;\">Cleveland-Cliffs — The steel producer traded higher by 1% after announcing it won award negotiations for funding from the Department of Energy. Cleveland-Cliffs can get as much as $575 million for projects focused on decarbonization technology at facilities in Ohio and Pennsylvania.</p><p style=\"text-align: start;\">Semiconductor stocks — Chipmakers climbed on Monday, with Micron Technology adding 6.2%, Nvidia jumping 1% and Arm adding 3.1%. The VanEck Semiconductor ETF (SMH) ticked down 0.2%.</p><p style=\"text-align: start;\">Disney — The entertainment giant added more than 3% after Barclays upgraded it to overweight and noted that shares have higher to go. Separately, Nelson Peltz’s Trian Fund Management withheld its votes from Disney CEO Bob Iger amid a proxy battle between the activist investor and the media juggernaut.</p><p style=\"text-align: start;\">Foot Locker — Shares jumped 6.1% after Evercore upgraded shares to outperform from in line. The firm cited Foot Locker’s turnaround efforts and growth reinvestments.</p><p style=\"text-align: start;\">Rivian — Shares of the struggling automaker fell 1.4% after a downgrade to neutral from buy at Mizuho. The electric vehicle stock is already down more than 50% for the year.</p><p style=\"text-align: start;\">GameStop — Shares popped 15% a day ahead of the video game company’s fourth-quarter earnings. Wedbush on Monday maintained its underperform rating on the meme stock, but said GameStop’s continued cost discipline and mix shift toward higher-margin software could likely support its profitability during the quarterly period.</p><p style=\"text-align: start;\">United Airlines — Shares dropped 3.4% after Reuters reported that the U.S. Federal Aviation Administration would step up scrutiny of United Airlines following recent safety incidents.</p><h2 id=\"id_3378142872\">Market News</h2><h3 id=\"id_3535287323\" style=\"text-align: start;\">Fisker deal talks with big automaker collapse, NYSE to delist stock</h3><p>Cash-strapped Fisker&#39;s talks with a large automaker for a potential deal have collapsed and the New York Stock Exchange plans to delist the electric-vehicle startup&#39;s shares due to &#34;abnormally low&#34; price levels.</p><p>Fisker&#39;s latest venture was founded in 2016 and went public through a merger with a blank-check firm for a valuation of $2.9 billion.</p><p>But a slew of supply chain issues, production delays and fundraising hurdles sent its market valuation crashing to less than $100 million.</p><h3 id=\"id_2969696082\" style=\"text-align: start;\">Novo Nordisk strikes deal worth up to $1.1 bln to expand cardio business</h3><p>Denmark&#39;s Novo Nordisk said on Monday it had agreed to buy Cardior Pharmaceuticals for up to 1.03 billion euros ($1.1 billion) to strengthen its cardiovascular pipeline.</p><p>The deal is in line with Novo&#39;s aim to expand its focus on diabetes and weight-loss therapies to include cardiovascular disease treatments.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPost-Bell | Dow Closes 162 Points Lower; DWAC Soars 35% While SMCI Gains 7%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-03-26 07:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks lost ground at the start of a holiday-shortened week on Monday as investors positioned themselves ahead of inflation data.</p><h2 id=\"id_966889051\">Market Snapshot</h2><p>The Dow Jones Industrial Average fell 162.26 points, or 0.41%, to 39,313.64, the S&amp;P 500 lost 15.99 points, or 0.31%, to 5,218.19 and the Nasdaq Composite slid 44.35 points, or 0.27%, to 16,384.47.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5f7bb5922d909ab231f7d48326d3884b\" tg-width=\"951\" tg-height=\"153\"/></p><h2 id=\"id_215835447\">Market Movers</h2><p>Digital World Acquisition Corp. — The special purpose acquisition company leapt 35% after shareholders approved a merger with former President Donald Trump’s social media company Trump Media &amp; Technology Group, which owns Truth Social. Trump Media could start trading Tuesday under the ticker DJT.</p><p>Boeing — Shares ticked up 1.3% after the aerospace company said earlier on Monday that CEO David Calhoun would step down at the end of 2024. Board chairman Larry Kellner will also step down, the company added.</p><p style=\"text-align: start;\">Masimo — The medical technology company climbed 3.3%. On Friday, Masimo announced its board of directors has authorized management to evaluate a spinoff of its consumer business. Wells Fargo upgraded the stock to overweight from equal weight in light of the news.</p><p style=\"text-align: start;\">Super Micro Computer — The chip stock jumped over 7% after JPMorgan initiated coverage of the high-flying name. Analyst Samik Chatterjee issued Super Micro a rating of overweight and gave it a price target of $1,150, implying about 18% upside from Friday’s close.</p><p style=\"text-align: start;\">Cleveland-Cliffs — The steel producer traded higher by 1% after announcing it won award negotiations for funding from the Department of Energy. Cleveland-Cliffs can get as much as $575 million for projects focused on decarbonization technology at facilities in Ohio and Pennsylvania.</p><p style=\"text-align: start;\">Semiconductor stocks — Chipmakers climbed on Monday, with Micron Technology adding 6.2%, Nvidia jumping 1% and Arm adding 3.1%. The VanEck Semiconductor ETF (SMH) ticked down 0.2%.</p><p style=\"text-align: start;\">Disney — The entertainment giant added more than 3% after Barclays upgraded it to overweight and noted that shares have higher to go. Separately, Nelson Peltz’s Trian Fund Management withheld its votes from Disney CEO Bob Iger amid a proxy battle between the activist investor and the media juggernaut.</p><p style=\"text-align: start;\">Foot Locker — Shares jumped 6.1% after Evercore upgraded shares to outperform from in line. The firm cited Foot Locker’s turnaround efforts and growth reinvestments.</p><p style=\"text-align: start;\">Rivian — Shares of the struggling automaker fell 1.4% after a downgrade to neutral from buy at Mizuho. The electric vehicle stock is already down more than 50% for the year.</p><p style=\"text-align: start;\">GameStop — Shares popped 15% a day ahead of the video game company’s fourth-quarter earnings. Wedbush on Monday maintained its underperform rating on the meme stock, but said GameStop’s continued cost discipline and mix shift toward higher-margin software could likely support its profitability during the quarterly period.</p><p style=\"text-align: start;\">United Airlines — Shares dropped 3.4% after Reuters reported that the U.S. Federal Aviation Administration would step up scrutiny of United Airlines following recent safety incidents.</p><h2 id=\"id_3378142872\">Market News</h2><h3 id=\"id_3535287323\" style=\"text-align: start;\">Fisker deal talks with big automaker collapse, NYSE to delist stock</h3><p>Cash-strapped Fisker&#39;s talks with a large automaker for a potential deal have collapsed and the New York Stock Exchange plans to delist the electric-vehicle startup&#39;s shares due to &#34;abnormally low&#34; price levels.</p><p>Fisker&#39;s latest venture was founded in 2016 and went public through a merger with a blank-check firm for a valuation of $2.9 billion.</p><p>But a slew of supply chain issues, production delays and fundraising hurdles sent its market valuation crashing to less than $100 million.</p><h3 id=\"id_2969696082\" style=\"text-align: start;\">Novo Nordisk strikes deal worth up to $1.1 bln to expand cardio business</h3><p>Denmark&#39;s Novo Nordisk said on Monday it had agreed to buy Cardior Pharmaceuticals for up to 1.03 billion euros ($1.1 billion) to strengthen its cardiovascular pipeline.</p><p>The deal is in line with Novo&#39;s aim to expand its focus on diabetes and weight-loss therapies to include cardiovascular disease treatments.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136631535","content_text":"U.S. stocks lost ground at the start of a holiday-shortened week on Monday as investors positioned themselves ahead of inflation data.Market SnapshotThe Dow Jones Industrial Average fell 162.26 points, or 0.41%, to 39,313.64, the S&P 500 lost 15.99 points, or 0.31%, to 5,218.19 and the Nasdaq Composite slid 44.35 points, or 0.27%, to 16,384.47.Market MoversDigital World Acquisition Corp. — The special purpose acquisition company leapt 35% after shareholders approved a merger with former President Donald Trump’s social media company Trump Media & Technology Group, which owns Truth Social. Trump Media could start trading Tuesday under the ticker DJT.Boeing — Shares ticked up 1.3% after the aerospace company said earlier on Monday that CEO David Calhoun would step down at the end of 2024. Board chairman Larry Kellner will also step down, the company added.Masimo — The medical technology company climbed 3.3%. On Friday, Masimo announced its board of directors has authorized management to evaluate a spinoff of its consumer business. Wells Fargo upgraded the stock to overweight from equal weight in light of the news.Super Micro Computer — The chip stock jumped over 7% after JPMorgan initiated coverage of the high-flying name. Analyst Samik Chatterjee issued Super Micro a rating of overweight and gave it a price target of $1,150, implying about 18% upside from Friday’s close.Cleveland-Cliffs — The steel producer traded higher by 1% after announcing it won award negotiations for funding from the Department of Energy. Cleveland-Cliffs can get as much as $575 million for projects focused on decarbonization technology at facilities in Ohio and Pennsylvania.Semiconductor stocks — Chipmakers climbed on Monday, with Micron Technology adding 6.2%, Nvidia jumping 1% and Arm adding 3.1%. The VanEck Semiconductor ETF (SMH) ticked down 0.2%.Disney — The entertainment giant added more than 3% after Barclays upgraded it to overweight and noted that shares have higher to go. Separately, Nelson Peltz’s Trian Fund Management withheld its votes from Disney CEO Bob Iger amid a proxy battle between the activist investor and the media juggernaut.Foot Locker — Shares jumped 6.1% after Evercore upgraded shares to outperform from in line. The firm cited Foot Locker’s turnaround efforts and growth reinvestments.Rivian — Shares of the struggling automaker fell 1.4% after a downgrade to neutral from buy at Mizuho. The electric vehicle stock is already down more than 50% for the year.GameStop — Shares popped 15% a day ahead of the video game company’s fourth-quarter earnings. Wedbush on Monday maintained its underperform rating on the meme stock, but said GameStop’s continued cost discipline and mix shift toward higher-margin software could likely support its profitability during the quarterly period.United Airlines — Shares dropped 3.4% after Reuters reported that the U.S. Federal Aviation Administration would step up scrutiny of United Airlines following recent safety incidents.Market NewsFisker deal talks with big automaker collapse, NYSE to delist stockCash-strapped Fisker's talks with a large automaker for a potential deal have collapsed and the New York Stock Exchange plans to delist the electric-vehicle startup's shares due to \"abnormally low\" price levels.Fisker's latest venture was founded in 2016 and went public through a merger with a blank-check firm for a valuation of $2.9 billion.But a slew of supply chain issues, production delays and fundraising hurdles sent its market valuation crashing to less than $100 million.Novo Nordisk strikes deal worth up to $1.1 bln to expand cardio businessDenmark's Novo Nordisk said on Monday it had agreed to buy Cardior Pharmaceuticals for up to 1.03 billion euros ($1.1 billion) to strengthen its cardiovascular pipeline.The deal is in line with Novo's aim to expand its focus on diabetes and weight-loss therapies to include cardiovascular disease treatments.","news_type":1},"isVote":1,"tweetType":1,"viewCount":136,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":8,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}