Sanofi and Verizon skid while Dr. Pepper Snapple leaps
Stocks that moved substantially or traded heavily on Monday:
Dr. Pepper Snapple Group Inc., up $21.42 to $117.07
The drink maker agreed to be bought by coffee maker Keurig Green Mountain.
KapStone Paper and Packaging Corp., up $8.17 to $34.71
The company agreed to be bought by competitor WestRock for $35 a share, or $3.39 billion.
Sanofi, down 44 cents to $45.32
The French drugmaker says it will acquire Belgian drug developer Ablynx for about $4.8 billion.
Lockheed Martin Corp., up $6.52 to $351.42
The aerospace and defense company had a stronger fourth quarter than analysts expected.
Zions Bancorporation, up 17 cents to $54.19
Banks and financial companies climbed Monday as long-term interest rates reached their highest mark in almost four years.
Verizon Communications Inc., down 59 cents to $54.13
Cable companies traded lower after Axios reported that the Trump administration is considering nationalizing some of the U.S. 5G broadband network.
Centerpoint Energy Inc., down 73 cents to $27.73
High-dividend stocks including utility companies slumped as higher bond yields made them less appealing to investors who seek income.
Adient PLC, down $5.53 to $66.77
The automotive seating and interiors supplier had a weaker fiscal first quarter than Wall Street expected.