3 Top S&P 500 Stock Market Gainers Today: Twitter Soars As Schwab, Modern Tumble

Twitter (TWTR), Synchrony Financial (SYF) and Valero Energy (VLO) and were the top three S&P 500 index gainers on the stock market today. Charles Schwab (SCHW), Modern (MRNA) and Tractor Supply (TSCO) were the S&P 500’s biggest losers on Monday.

TWTR stock rallied 7.5% to 48.45. A Twitter takeover remains in focus. The company’s social media board OK’d a poison pill provision to thwart a Tesla CEO Elon Musk, who has unofficially offered $ 54.20 a share for Twitter. That could be an effort to solicit a higher bid, either from Musk or a third party.

After the close, TWTR stock rose slightly on a Wall Street Journal report that buyout giant Apollo Global (APO) is mulling taking part in a Twitter bid. Apollo, which owns Yahoo, could help a Musk bid or work with another party such as Thoma Bravo.

SYF stock popped 6.2% to 40.03, reclaiming its 50-day moving average. Synchrony Financial, which has an online bank and is the largest provider of private-label credit cars, beat earnings views early Monday. It also hiked its dividend by 5% and added $ 2.8 billion to its SYF stock buyback.

VLO stock gained 5.2% to 110.35, and fresh high. Refinery giant Valero Energy and other energy stocks rallied Monday as crude oil and natural gas prices continued to climb.

S&P 500 Losers

SCHW stock plunged 9.4% to 74.94. Before Monday’s open Charles Schwab reported weaker-than-expected earnings and revenue, as trading revenue declined and rose expenses. Schwab stock gapped below its 200-day line and tumbled to a six-month low.

MRNA stock sank 6.5% to 154.75, back below its 50-day line. Modern stock is down sharply from its August 2021 all-time high of 497.49.

TSCO retreated 4.7% to 217.53 after slumping 3.85% on Thursday. Tractor Supply stock, which already fell below a handle entry on Thursday, skidded below a double-bottom buy point and its 50-day line on Monday. Tractor Supply earnings are due Thursday.

Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.

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