-- Consumer stocks were lower Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) fractionally lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.8%.
In corporate news, QXO (QXO) has agreed to buy insulation products company TopBuild (BLD) in a cash-and-stock deal worth roughly $17 billion, as the roofing products distributor aims to expand its building products portfolio. QXO shares fell 5.3%, and TopBuild jumped past 17%.
3:00 Monday vs 3:00 Friday2yr 100-09 vs 100-10; 3.714% vs 3.698%5yr 100-03+ vs 100-05; 3.848% vs 3.836%10yr 99-00 vs 99-01; 4.248% vs 4.242%30yr 97-30 vs 97-28; 4.880% vs 4.883%2/10 53.170 bps vs 54.227 bps5/30 102.950 bps vs 104.475 bps
JetBlue Airways (JBLU) CEO Joanna Geraghty told employees that the airline isn't considering bankruptcy filing this year, Bloomberg reported Monday, citing an internal memo.Geraghty said the airline has sufficient liquidity and access to additional capital, according to the report.JetBlue Airways did not immediately respond to a request for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $5.80, Change: $-0.08, Percent Change: -1.28%
Air Products and Chemicals (APD) shares were up about 1.5% in Monday trading after Berenberg upgraded the stock to buy from hold and raised its price target to $350 from $275.Trading volume stood at more than 406,000 shares, versus a daily average of about 1.4 million.Price: $296.03, Change: $+4.22, Percent Change: +1.45%