Stocks Flat Ahead of Key Economic Data; Beamer Soars on Nvidia Deal, NXP Breaks Out
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The Dow Jones Industrial Average and other major indexes were mostly unchanged in early trades Monday as January’s inflation data and retail sales data are eyed later in the week.
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Video imaging company Beamer Imaging surged over 500% after announcing a partnership with Nvidia, while Nvidia shares rose to a new high ahead of its earnings next week.
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Diamondback Energy is acquiring Endeavor Energy Resources for $26 billion in cash and stock, the latest large oil and gas industry deal.
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Software stock Monday.com fell 8% as its strong earnings report was accompanied by disappointing guidance.
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Chipmaker NXP Semiconductors broke out above a 238.27 buy point today, recovering further after its recent earnings release.