14 minutes ago
VIX rises above 19 again after Hamas attack
15 minutes ago
Stocks open lower on Monday
Shares opened lower on Monday.
—Pia Singh
35 minutes ago
Shares of major US airlines fall after Israel flights are suspended
Major U.S. airlines canceled dozens of flights to Israel’s Tel Aviv airport on Monday as fighting escalated between Israel and Palestinian militants amid the conflict. Israel bombarded the Gaza Strip with airstrikes on Monday, another retaliatory response to Hamas’ surprise offensive.
Shares of American Airlines fell nearly 3%, while United Airlines lost 2.7%. Delta Air Lines fell 3%.
The Federal Aviation Administration urged U.S. airlines and pilots to exercise “extreme caution” in Israeli airspace. The Allied Pilots Association, the pilots’ union for American Airlines, issued a no-fly directive to Israel to its members on Sunday.
—Pia Singh
An hour ago
JPMorgan Begins Coverage of Arm, Highlighting Company Expansion
According to JPMorgan, Arm Holdings will benefit from its position as a leading supplier of chips for computer architectures.
The company began coverage of the chip stock with an overweight rating on Monday. Other firms, including Deutsche Bank and Goldman Sachs, have also initiated coverage on Arm Holdings, both with Buy ratings.
Arm shares fell 0.2% in premarket trading. CNBC Pro subscribers can read the full story here.
—Brian Evans
An hour ago
Stocks make the biggest moves premarket
Check out the companies making headlines before the bell:
- Walt Disney – Shares of the media giant rose more than 1% after the Wall Street Journal reported that activist investor Nelson Peltz’s Trian Fund Management increased its stake and could secure several board seats, including for himself. Trian’s stake is now worth more than $2.5 billion after adding over 30 million shares out of just 6.4 million at the end of June, the Journal reported. Trian declined to comment.
- Exxon Mobil, Chevron, Occidental Petroleum – Energy stocks rose sharply as oil prices rose following the Hamas attack on Israel over the weekend. Exxon and Chevron rose more than 2% and Occidental gained more than 3%.
- Lockheed Martin – Shares of the aerospace and defense company rose about 4.5% in premarket trading following the surprise attack on Israel by the Palestinian militant group Hamas over the weekend.
Read the full list here.
—Sarah Min
2 hours ago
Defense and oil companies are rising amid the Israel-Hamas conflict
4 hours ago
Nelson Peltz is pushing for seats on Disney’s board, according to report
The Wall Street Journal reported Sunday evening that activist investor Nelson Peltz plans to seek seats on Disney’s board. His company, Trian Fund Management, owns a stake of more than $2.5 billion in Disney, the report said, citing people familiar with the matter.
Disney shares rose 0.5% premarket.
The report comes at a time when Disney stock is struggling. It has fallen 17% over the last six months. It has also fallen by 4.5% in the year to date.
Disney and Trian were immediately available for comment.
—Fred Imbert
6 hours ago
European stocks open lower
European stocks were trading lower early Monday, with the benchmark Stoxx 600 index falling 0.4%.
With the exception of oil and gas, most sectors fell, with Britain’s energy-intensive FTSE 100 posting a loss of 0.3%, while Germany’s DAX and France’s CAC 40 lost 1% and 1.1% respectively.
See grafic…
Stoxx 600 index.
14 hours ago
Oil prices rise as Hamas attack on Israel hits energy market
Benchmark oil prices rose on Sunday as stock futures fell, appearing to react to the outbreak of war between Israel and Palestine.
See grafic…
Brent crude oil.
Global benchmark Brent crude rose nearly 4% to $87.49, while U.S. West Texas Intermediate rose 4% to $86.20.
—Brian Evans
15 hours ago
Wall Street adds the outbreak of war between Israel and Palestine to the list of headwinds
15 hours ago