Top Movers of the Day

Stocks were mostly flat on Monday as investors awaited key economic data, including the July PPI and CPI reports, to assess the Fed's potential rate cuts. The S&P 500 and Dow Jones hovered near unchanged, while the Nasdaq saw a slight uptick, driven by semiconductor gains. Geopolitical tensions and mixed economic signals kept market sentiment cautious, with the likelihood of a Fed rate cut in September increasing. 

Here are the top movers of the day:

• JetBlue: Shares dropped over 20% after announcing a $400 million convertible note offering and credit rating downgrades.

• Hawaiian Electric Industries: Fell 14% due to lack of a financing plan for a $1.7 billion settlement and a $1.3 billion Q2 net loss.

• KeyCorp: Surged 9% as Scotiabank took a minority stake, boosting its shares.

• Monday.com: Rose 14% after beating Q2 earnings and revenue expectations.

• Marathon Digital: Declined 11% after announcing a $250 million debt offering.

• Starbucks: Increased 2% as activist investor Starboard Value built a stake.

• Qualcomm: Lost 1% following a downgrade by Wolfe Research.

• Robinhood: Gained 3.5% after an upgrade by Piper Sandler.

• Par Technology: Added 1.5% after a Jefferies upgrade.