Market Movers: Tesla, Marathon Oil, WWE, and More
Tesla was the biggest loser on the S&P 500 index Monday, while Marathon Oil, ConocoPhillips, APA, Hess, and Halliburton were the biggest winners as oil-related names dominated the upside. Crude oil prices jumped 6.3% to $80.42 a barrel on Monday, following the surprise OPEC+ decision to cut production by 1.15 million barrels per day starting in May. Extra Space Storage reached a deal to buy Life Storage for $12.7 billion stock in a deal that will forge the largest U.S. storage company. Digital Realty Trust and Catalent saw declines, while First Solar was downgraded by Morgan Stanley.