Posted 12/11/2023, 3:48:30 PM
Stocks Flat Ahead of Key Inflation Data, Macy's Surges on Buyout Bid, Occidental and Cigna Strike Major Deals
- Stocks tread water on Monday ahead of crucial CPI data and Fed meeting later this week
- Dow rises 80 points, S&P up slightly, Nasdaq down 0.1% in muted start to big week
- Macy's shares surge 17% on $5.8B buyout offer; board considering bid
- Occidental to buy CrownRock for $12B, expanding in oil and gas sector
- Cigna stock jumps 17% after nixing Humana deal, announcing $10B buyback plan