US Foods, CBS fall; First Data, Chevron rise
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:
US Foods Holding Corp., down $7.09 to $33.51
The company reported earnings that fell short of estimates and said it would acquire five food companies from Services Group of America for $1.8 billion.
CBS Corp., down $2.73 to $51.28
The media company said it will keep CEO Les Moonves in place while an outside counsel investigates sexual misconduct allegations against him.
Tyson Foods Inc., down $4.84 to $58.72
The food company cut its earnings forecast for the year, citing tariffs and uncertainty about trade policies.
Oracle Corp., down 90 cents to $47.73
Technology stocks extended their declines from last week.
Affiliated Managers Group Inc., up $7.67 to $158.72
The asset manager reported earnings that beat analysts’ forecasts.
Chevron Corp., up $1.86 to $127.83
Energy companies climbed as the price of benchmark U.S. oil moved higher.
First Data Corp., up 72 cents to $23.34
The payment services provider reported results that beat analysts’ estimates.
Simon Property Group Inc., up $3.28 to $171.86
The shopping mall real estate investment trust reported a measure of profitability that exceeded analysts’ expectations.