American Airlines rises, while Caterpillar, Hess, Vale drop
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:
Caterpillar Inc., down $12.49 to $124.37
The heavy machinery maker’s results fell short of Wall Street expectations as the company faces a weaker market in China.
Nvidia Corp., down $22.14 to $138.01
The chipmaker cut its fourth-quarter revenue forecast, citing a slowdown in China.
Versum Materials Inc., up $5.02 to $36.67
The specialty materials maker is being bought by Entegris in a stock-for-stock deal.
Vale SA, down $2.46 to $11.20
The Brazilian mining operator faces potentially hefty legal and financial challenges in the wake of a deadly mine disaster.
Chemical Financial Corp., up $2.28 to $44.75
The bank is being bought by TCF Financial Corp. in a stock deal worth about $3.6 billion.
Zayo Group Holdings Inc., up 72 cents to $27.42
Media reports say the communications technology company is a potential buyout target for Alphabet Inc.
American Airlines Group Inc., up $1.59 to $36.57
The airline and its peers entered a new week with the government reopening after a month of dealing with TSA staffing concerns.
Hess Corp., down $1.37 to $51.73
The company and its peers face declining oil prices and more potential uncertainty over turmoil in Venezuela.