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Key Takeaways

  • Major U.S. indexes were lower at midday Monday as the market geared up for a key week of corporate earnings.
  • Cigna shares slumped, while Humana shares rose following a report the two are once again in merger discussions.
  • Kenvue shares surged on reports activist investor Starboard Value has taken a large stake in the Tylenol and Band-Aid maker.

Major U.S. indexes were lower at midday Monday as the market geared up for a key week of corporate earnings . The Dow, S&P 500, and Nasdaq all dropped.

Cigna ( CI ) shares declined following a report the insurer has resumed negotiations to purchase Humana ( HUM ) after negotiations fell apart last year. Humana shares gained.

Shares of VF Corporation ( VFC ) tumbled after JPMorgan placed the apparel company on its “Negative Catalyst Watch” list , pointing to "wholesale challenges" and “ongoing traffic headwinds.”

Walt Disney ( DIS ) shares fell as the entertainment giant announced CEO Bob Iger’s replacement would be named in early 2026.

Kenvue ( KVUE ) was the best-performing stock in the S&P 500 on reports activist investor Starboard Value has taken a large stake in the company behind consumer health brands including Tylenol and Band-Aid.

Shares of Boeing ( BA ) rose as the plane maker struck a deal with the union representing its machinists to end a five-week long strike.

Fortinet ( FTNT ) shares jumped after Morgan Stanley called the cybersecurity firm a “Top Pick,” as the bank anticipates a rebound in demand for firewalls to block hackers.

Oil futures rose and gold prices hit another record high. The yield on the 10-year Treasury note advanced. The dollar was up on the euro, pound, and yen. Most major cryptocurrencies traded lower.

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