Current Top Stocks in the Move: Affirm, Nvidia, ResMed, and Beyond

USA stocks showed a mixed performance on Monday, June 24, 2024, with most sectors gaining but technology stocks facing losses. The Dow Jones and S&P 500 saw gains, while the Nasdaq fell. Target saw an increase in its shares after announcing a partnership with Shopify to enhance online sales. ResMed, on the other hand, experienced a decline in shares due to concerns about potential competition from Eli Lilly’s weight-loss drug, Zepbound, impacting demand for ResMed’s sleep apnea devices.

RXO made a significant acquisition by purchasing UPS’s Coyote Logistics unit for $1,025 million, leading to a rise in shares for both companies. Goldman Sachs’ initiation of coverage with a “buy” rating for Affirm Stock contributed to its surge, highlighting the company as a leading provider of modern credit solutions. Nvidia’s shares continued to decline following a recent sell-off, following the chipmaker’s AI-driven rally.

Additionally, Eli Lilly saw a rise in shares after the positive reception of its Zepbound weight-loss drug in reducing sleep apnea severity. Netflix experienced a decline in shares amid reports of a potential free, ad-supported subscription plan to boost subscriber numbers. Oil and gold futures saw an increase, while the 10-year Treasury yield rose. The US dollar weakened against the euro, pound, and yen, while most major cryptocurrencies saw lower prices.

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