U.S. stocks closed in the red on Monday after the
S&P 500
enjoyed its best week since the end of March.
These stocks were moving the most Monday:
Apple
(ticker: AAPL) fell 0.8% to $179.58 after revealing a mixed-reality headset at its Worldwide Developers Conference.
Tesla
(TSLA) rose 1.7% to $217.61. The electric vehicle maker received a price target raise to $215 from $175 by analysts at Citi.
Palantir Technologies
(PLTR) was 5% higher amid news of a multiyear contract with the U.S. Special Operations Command. C3.ai (AI) rose 9.5%. AI-related companies remained in focus following a recent surge higher.
Palo Alto Networks
(PANW) stock climbed 4.4% on news it will join the S&P 500 on June 20, as part of the index’s quarterly rebalancing. The cybersecurity company will take the place of
Dish Network
(DISH), S&P Dow Jones Indices said late Friday. Shares in the television service company fell 2.7%.
EPAM Systems
(EPAM) slid 22% after the software design company cut its earnings guidance.
Dollar General
(DG) lost 4.4%. Analysts at Morgan Stanley downgraded the retailer to Equal Weight from Overweight.
Estée Lauder
(EL) slid 3.8%. Oppenheimer analysts cut their rating on the makeup company to Perform from Outperform.
Ford
(F) gained 1.6%. Analysts at Citi upgraded shares of the car maker to Buy from Neutral.
Oil stocks were mixed after Saudi Arabia pledged to cut oil production by another one million barrels a day in July, while the Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed to extend their current oil-production target through 2024.
Chevron
(CVX) lost 0.5%,
Exxon Mobil
(XOM) was down 0.4%,
Ovintiv
(OVV) gained 1.2%,
Kosmos Energy
(KOS) was 1.5% lower, and
ConocoPhillips
(COP) lost 0.3%.
Write to Callum Keown at [email protected]
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