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Chevron Gains as Tengiz Output Rebounds and Middle East Tensions Lift Crude
Chevron shares advanced 0.7% as production at its key Tengiz field in Kazakhstan recovered to about 60% capacity, with full output targeted by Feb. 23. Oil prices rose over 1% after a U.S. shipping advisory warned vessels away from Iranian waters near the Strait of Hormuz.
Dow Retreats from 50K Milestone as Investors Await Inflation, Jobs Data
The Dow Jones Industrial Average edged lower Monday after its historic close above 50,000, while the S&P 500 and Nasdaq gained on tech strength. Markets are focused on upcoming inflation and employment reports.
GE Aerospace Shares Dip on Saudi Defense Deal, Unveils $300M Singapore Expansion
GE Aerospace stock declined 0.8% following a new industrial pact with Saudi Arabia to enhance fighter engine repair capabilities. The company also detailed a $300 million investment plan in Singapore.
Gold Surges Past $5,000 Amid Dollar Weakness, Focus Turns to U.S. Economic Data
Gold prices rallied over 2% on Monday, reclaiming the $5,000 level as the U.S. dollar softened. Traders are awaiting key U.S. jobs and inflation reports later this week for further direction.
Bitcoin Retreats Near $70K Amid Dollar Volatility and Key U.S. Data Anticipation
Bitcoin declined 1.2% to $70,366, trading between $68,371 and $72,024 as investors awaited U.S. inflation and jobs reports. Ether gained 0.7% to $2,127.86.
Uber Acquires Getir's Turkish Delivery Arm in $435 Million Expansion Push
Uber shares dipped slightly after announcing a $335 million cash deal for Getir's Turkey food delivery business, plus a $100 million stake in its broader operations, aiming to bolster its presence in a key growth market.
MercadoLibre Shares Rebound Above $2,000 Ahead of Q4 Earnings
MercadoLibre stock gained 1.8% to close at $2,004.94, reclaiming the $2,000 level as investors position for the company's upcoming quarterly results scheduled for February 24.
PepsiCo Shares Retreat as Snack Price Cuts Spark Margin Concerns
PepsiCo stock declined 2.4% to $166.41 on Monday, reversing last week's rally. Investors are weighing the impact of recent snack price reductions on volume and profitability.
Marvell Technology Gains Ahead of March Earnings, Spotlight on AI Infrastructure Demand
Marvell Technology shares advanced as the chipmaker set a March 5 date for its fiscal Q4 report, with investors focused on data-center and AI networking spending trends.
Johnson & Johnson Shares Retreat Amid Healthcare Sector Weakness
Johnson & Johnson stock declined 1.1% as healthcare stocks underperformed the broader market. Traders are eyeing upcoming U.S. jobs and inflation data for direction.
Monolithic Power Stock Retreats After Earnings Beat, Dividend Boost
Monolithic Power Systems shares declined nearly 2% Monday, giving back some gains following last week's strong quarterly results and increased dividend. The company also announced CFO Bernie Blegen will retire after the 2025 annual report.