Following the relatively lackluster performance seen during last Friday's sessions, stocks continued to show a lack of conviction during trading on Monday but once again managed to end the day mostly higher. The major averages ended the day off their best levels but still at new record closing highs.
Following the relatively lackluster performance seen during last Friday's session, stocks have continued to show a lack of direction over the course of the trading day on Monday. The major averages have spent the day bouncing back and forth across the unchanged line. Currently, the major averages are turning in a mixed performance.
A report released by the Commerce Department on Monday showed construction spending in the U.S. increased from a downwardly revised level in the month of April. The Commerce Department said construction spending climbed by 0.4 percent to an annual rate of $2.172 trillion in April after rising by 0.2 percent to a revised rate of $2.164 trillion in March.
Manufacturing activity in the U.S. expanded for the fifth consecutive month in May, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI rose to 54.0 in May from 52.7 in April, with a reading above 50 indicating growth. Economists had expected the index to inch up to 53.1.
People Incorporated (IAC) has submitted a non-binding proposal to the Board of MGM Resorts International (MGM) to acquire all outstanding shares of MGM that People Incorporated does not already own for $48.30 per share. People Incorporated now owns 26.1% of the outstanding common stock of MGM. People...
Cancer drug developer NuCana Plc (NCNA) on Monday announced that it has named Ian Webster chief financial officer, effective immediately, succeeding Donald Munoz who departed the role. Webster, who has more than 20 years of finance experience, joined NuCana as director of finance in 2019 and had served...
Monday, Constellation Energy Corporation (CEG) announced the pricing of a secondary public offering of 11 million shares of common stock for $281 per share. The underwriters will have a 30-day option to purchase up to an additional 1.35 million shares of common stock from the selling shareholders. The...
NASA's X-59 quiet supersonic research aircraft is preparing for some of its most significant flights yet. The X-plane is about to begin a new block of test flights that will include its first time flying faster than the speed of sound and other mission-critical objectives. "What comes next is the first time this one-of-a-kind aircraft will fly supersonic," said Cathy Bahm, project manager for NAS
After ending last Friday's choppy session mostly higher, stocks may see further upside in early trading on Monday. The major index futures are currently pointing to a modestly higher open for the markets, with the S&P 500 futures up by 0.2 percent. Optimism about the AI trade may contribute to initial...
Temporary flight restrictions will be in place over stadiums hosting FIFA World Cup football matches and related fan events across the United States to help protect participants and spectators. The temporary flight restrictions will be established by Federal Aviation Administration, in coordination with the Department of Homeland Security and the Department of Justice. During match days, all air
Sonida Senior Living, Inc. (SNDA) said on Monday that it has appointed Anton Nikodemus to the newly created role of chief operating officer with effect from June 15. Nikodemus previously worked at Seaport Entertainment Group, Inc.(SEG), where he served as president, CEO, and chairman of the board....
U.S. pipeline operator Summit Midstream Corporation (SMC) on Monday said its board authorized a program to repurchase up to $35 million of its common stock, the company's first buyback plan. Chief Executive Heath Deneke said the authorization reflects confidence in Summit's financial strength after...
Biote Corp. (BTMD), a medical practice-building company, on Monday announced the appointment of Komal Bajaj as Chief Medical Officer, effective June 1. Bajaj joins the company from NYC Health + Hospitals, where she most recently served as Chief Quality Officer for Jacobi Hospital and North Central...
For most of the past four decades, observations from the Landsat satellite record show that humans have dominated changes to the U.S. landscape. Recent research revealed a shift in that trend, suggesting that disasters might be catching up. In a NASA-funded study published in Nature Geoscience, scientists analyzed nearly 35 years of data from NASA/USGS Landsat satellites to better understand what
Montreal-based IT services firm CGI Inc. (GIB-A.TO, GIB) on Monday said it has agreed to acquire Telia's cloud and IT end-user services business in Finland and form a strategic partnership with the telecom operator. The financial terms of the deal were not disclosed. Under the deal, about 250 Telia...
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.