Wall Street today: US stock indices mixed, Intel jumps 8%, Tesla dips over 6%, Nvidia loses 1.8% | Stock Market News
Source: Live Mint
US stock indices moved in different directions on Monday after mixed economic data and ahead of talks between US President Donald Trump and Russian President Vladimir Putin aimed at ending the Ukraine war.
At 11:56 AM Eastern time, the S&P 500 was 0.16% higher, the Dow Jones Industrial Average was up 0.49%, and the Nasdaq Composite was 0.35% lower.
A Commerce Department report showed retail sales rose 0.2% in February, after a revised 1.2% decline in January.
While a separate report showed New York State factory activity fell by the most in nearly two years, with new orders dropping sharply and input prices climbing at the fastest rate in over two years.
In the bond market, the yield on the 10-year Treasury rose from 4.28% shortly before the release of the retail sales data to nearly 4.33% immediately afterward. It then fell to 4.28%.
Gainers and losers
Intel shares jumped 7.9% after the chip company appointed former board member and semiconductor industry veteran Lip-Bu Tan as its CEO.
PepsiCo stock gained 2% after the beverages maker said it agreed to buy Poppi, a prebiotic soda brand, for a net $1.65 billion.
Among the megacap stocks, Tesla dropped 6.49%, Nvidia lost 1.80%, Amazon.com fell 1.60%, Microsoft fell 0.53%, and Apple slid 1.34%.
Following the Google-MediaTek tie-up report, shares of Broadcom dropped 1.38%.
Shares of Google’s parent Alphabet slipped 0.89%.
Over the weekend, U.S. strikes against Yemen’s Houthi movement threatened to escalate tensions in the oil-rich Middle East, driving crude prices higher on supply fears.
