Stocks Mixed as Tech Rally Slows on Samsung Warning; Juniper Networks Surges on HPE Deal Talk
• Stocks were mixed Tuesday afternoon as a tech rally lost steam after a Samsung profit warning took the shine off the sector. The Dow fell 0.4% while the Nasdaq turned barely positive, reversing losses.
• Shares of networking supplier Juniper Networks rose over 20% on a report Hewlett Packard Enterprise is eyeing a $13 billion acquisition. HPE stock fell over 8%.
• Oil prices rebounded Tuesday on signs Russia is adhering to export cuts promised to OPEC+ while protests limited Libya’s production.
• JetBlue shares sank over 6% as CEO Robin Hayes steps down while the airline awaits a judge's decision on its planned merger with Spirit.
• The market opened lower Tuesday, with the Dow down 0.5%, the S&P 500 shedding 0.6%, and the Nasdaq retreating about 0.7% as a tech rally lost momentum.