:max_bytes(150000):strip_icc()/GettyImages-2074381183-ed502729c31245d984f73f36292f0168.jpg "Top Stock Movers Now: AMD, HP, McDonald's, and More")
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Key Takeaways
- U.S. equities rose at midday Monday, extending last week's rally as concerns about the health of the economy eased.
- AMD shares gained as the chipmaker boosted its AI portfolio by purchasing data center infrastructure provider ZT Systems for $4.9 billion.
- HP shares fell after a downgrade by Morgan Stanley, suggesting limited upside for the stock.
U.S. equities rose at midday, extending last week’s rally as concerns about the health of the economy eased. The Dow, S&P 500, and Nasdaq all advanced.
Advanced Micro Devices (AMD) shares gained as the chipmaker boosted its artificial intelligence (AI) portfolio by purchasing data center infrastructure provider ZT Systems for $4.9 billion.
McDonald’s (MCD) shares rose as Evercore ISI analysts raised their price target for the stock, saying they were increasingly bullish on the fast-food giant’s U.S. business.
FuboTV (FUBO) shares soared following a judge’s ruling in favor of the company blocking Walt Disney (DIS), Fox (FOX.A), and Warner Bros. Discovery (WBD) from launching a streaming sports service together.
HP (HPQ) shares dropped after a downgrade by Morgan Stanley, which suggested the PC and printer maker's stock could have limited upside.
Dutch Brothers (BROS) shares also lost ground after a downgrade from Piper Sandler.
Oil futures slipped and gold prices were higher. The yield on the 10-year Treasury note declined. The U.S. dollar lost ground to the euro, pound, and yen. Most major cryptocurrencies traded lower.
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