By Staff Reporters
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- Chip design firm Arm just submitted an updated filing for its upcoming blockbuster initial public [IPO] offering on the New York Stock Exchange, setting a price range between $47 and $51.
- Only 9.4% of Arm’s shares will be freely traded on the NYSE.
- Arm was previously dually listed in London and New York, before SoftBank acquired it for $32 billion in 2016.
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Bill Gates’s Acquired 1,703,000 Shares of BUD BEER Amid Slump As Brand Aims To Win Back Customers With NFL Sunday Ticket Campaign.
More: https://finance.yahoo.com/news/bill-gatess-bold-bet-bud-154755104.html
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Here is where the major benchmarks ended:
- The S&P 500® Index (SPX) was down 18.94 points (0.4%) at 4,496.83; the Dow Jones Industrial Average (DJIA) was down 195.74 points (0.6%) at 34,641.97; the NASDAQ Composite (COMP) was down 10.86 points (0.1%) at 14,020.95.
- The 10-year Treasury note yield (TNX) was up about 10 basis points at 4.272%.
- CBOE’s Volatility Index (VIX) was up 0.18 at 14.00.
Trucking firms and other transportation companies were among the market’s weakest performers Monday, with the Dow Jones Transportation Average (DJT) dropping more than 2% to a two-month low. Financial shares were also under pressure, with the KBW Regional Banking Index (KRX) down more than 2%. Energy companies were among the few gainers, lifted by oil’s brief rise above $88 per barrel.
The U.S. Dollar Index (DXY) rose to its highest level in nearly six months, thanks in part to weak economic data reports from Europe and China.
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