Stock Market Today: Live Updates

Stocks were little changed from the start of the week as Wall Street geared up for the upcoming Federal Reserve policy meeting and new corporate earnings.

The S&P 500 fell 0.02% and the Nasdaq Composite fell 0.03%. The Dow Jones Industrial Average rose 5 points, or 0.02%.

— Brian Evans

iRobot stock plunged 18% before the bell after Amazon terminated its acquisition deal for the Roomba maker amid antitrust scrutiny.

“Amazon's proposed acquisition of iRobot has no path to regulatory approval in the European Union, which would prevent Amazon and iRobot from moving forward together and would result in losses for consumers, competition, and innovation,” the companies said in a release. “It will be.”

iRobot also said it plans to cut about 350 jobs, or 31% of its workforce, as part of its restructuring plan.

Amazon stock rose slightly.

— Samantha Subin

Ed Yardeni, president of Yardeni Research, said on “Squawk Box” that the Fed should keep interest rates on hold for a little while longer.

“I don't think the Fed needs to ease too quickly here right now. The Fed risks energy shocks creating a 1970s scenario in the Middle East, and if it eases too much and becomes too dovish, I don't think the Fed needs to ease too quickly. 'The 1990s scenario is an irrational exuberance,' Yardeni said.

The Fed's next policy decision is expected to be announced on Wednesday, with subsequent decision dates on March 20th and May 1st.

— Jesse Pound

These are the stocks that are moving the most in pre-market trading.

• Dollar Tree — The discount retailer's stock soared nearly 2% after JPMorgan upgraded the stock from neutral to overweight.
• American Airlines — Airline shares rose 1.5% after Citi was upgraded to buy from neutral.
• ZoomInfo Technologies — Software shares soared 5.5% after Bank of America analyst Koji Ikeda upgraded the stock to buy from neutral.

Read the complete list of transferred stocks here.

— Lisa Kailai Han

FanDuel's parent company, Flutter, aims to further strengthen its position in the U.S. market and will list on the New York Stock Exchange on Monday.

The company will also maintain its primary listing on the London Stock Exchange and will continue to be included in the FTSE 100 index. FanDuel, along with DraftKings, dominates the online sports betting world in the United States.

— Brian Evans

JPMorgan strategist Mislav Matejka said a slight slowdown in the global economy could weigh on global corporate profit growth this year.

“We are generally cautious about our global earnings outlook, given the rising margins and the risk of disappointing pricing and volumes,” Matejka said. “Consensus forecasts for EPS momentum to reaccelerate this year and next may be too optimistic.”

“Among these, the relative earnings outlook of the regions is important for the relative performance of the regions.Recently, the performance of the United States has been helped by an improvement in the momentum of relative EPS,” Matejka said. added.

— Fred Imbert

Oil prices rose after a missile fired by Iranian-backed militants killed a US soldier in Jordan.

On Monday, global benchmark Brent crude oil traded 0.35% higher at $83.84 per barrel, while U.S. West Texas Intermediate futures rose 0.42% to $78.34 per barrel.

Three U.S. service members were killed Sunday in an unmanned aerial drone attack on troops stationed at an outpost in northeastern Jordan near the Syrian border, the White House said.

—Li Yingshan

Evergrande's Hong Kong-listed shares plunged 12.2% in early trading, but trading was halted on Monday after a Hong Kong court ordered the Chinese real estate developer to be liquidated.

Evergrande, once one of China's biggest real estate developers, has been embroiled in Beijing's debt crisis in recent years.

The world's most indebted property developer defaulted on its debts in 2021 and announced an offshore debt restructuring program in March last year.

Before the ruling, the Wall Street Journal reported that liquidation of the estate could be imminent after Evergrande's overseas creditors failed to reach a restructuring agreement in the 11th hour this weekend.

— Shreyashi Sanyal

Singapore's central bank on Monday left monetary policy unchanged as expected in its first quarterly monetary policy decision of 2024.

The Monetary Authority of Singapore has announced that it will maintain an exchange rate policy range known as the Singapore Dollar Nominal Effective Exchange Rate (S$NEER).

“MAS will closely monitor global and domestic economic developments and remain vigilant against risks to inflation and growth,” the central bank said in a policy statement.

The central bank expects the country's gross domestic product (GDP) to improve in 2024, with growth expected to be between 1% and 3%.

MAS said core inflation is expected to rise in the current quarter “partly due to the temporary impact of the 1 percentage point hike in GST from January this year”. Singapore increased its goods and services tax by 1 percentage point on January 1st.

The benchmark Straits Times Index rose 0.1% in early trade.

Read the full text here.

— Shreyashi Sanyal

Six of the 30 Dow Jones Industrial Average stocks will report their quarterly results this week.

Microsoft is scheduled to report earnings after the bell on Tuesday. Boeing, which has been hit by problems with its 737 Max 9 planes, will report quarterly results on Wednesday morning.

Honeywell and Merck are expected to report Thursday, followed by Apple. Chevron plans to announce results Friday morning.

— Ha-Kyung Kim

U.S. stock futures fell Sunday night.

Futures, which track the Dow Jones Industrial Average, fell 86 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures fell 0.2% and 0.3%, respectively.

— Ha-Kyung Kim