The S&P 500 rose 2.5% last week, extending the winning streak for U.S. stocks to seven weeks, despite comments from Federal Reserve officials tempering enthusiasm over potential interest rate cuts.
The S&P 500
U.S. Steel was rising 27% to $50.11 after reaching an agreement to be acquired by Nippon Steel for $55 a share in cash or $14.9 billion including debt.
US STEEL
Apple was down 0.8% after announcing it would be halting sales of the Apple Watch in the coming days to comply with a U.S. import ban.
APPLE
Adobe terminated its deal to acquire design tools maker Figma for $20 billion, causing Adobe’s stock to rise 2.4%.
ADOBE INC
Shares of SunPower were sinking 35% after the solar company issued a “going concern” warning due to a potential default
SUNPOWER
VF Corp, the parent company of Vans and The North Face, reported a security breach that could have a “material impact” on its business, leading to a 6.9% decline in its stock.
VF CORP
U.S.-listed shares of NIO were rising 4.6% after the Chinese electric-vehicle maker received a $2.2 billion investment from CYVN Holdings,
NIO
FuelCell Energy rose 3.3% after announcing a partnership with Exxon Mobil aimed at reducing carbon dioxide emissions.
FUELCELL ENERGY
Affirm was falling 0.6% after shares of the buy-now-pay-later operator were downgraded to Underweight from Equal Weight at Morgan Stanley.
AFFIRM
Uber Technologies made its S&P 500 debut, along with Jabil and Builders FirstSource