- The S&P 500 is still on track to close the day in the red.
- IHS Markit Ltd shares rose more than 7% on Monday.
- S&P Global agrees to buy IHS Markit Ltd for $ 44 billion.
The main US stock indices they are still on track to close the last day of the month in negative territory. At time of writing, the S&P 500 Index was down 0.65% on the day to 3,614.
S&P 500 Major Changes
Earlier in the day, S&P Global Inc announced that it agreed to buy IHS Markit Ltd in a stock deal worth $ 44 billion. The deal is expected to be finalized in the second half of 2021 if approved by antitrust regulators.
Following this development, IHS Markit Ltd (INFO: NYSE) shares rose to an all-time high of $ 101.45 before retreating modestly. At time of writing, INFO is trading at $ 99.27, gaining more than 7% on the day as the top performer on Monday.
Meanwhile, shares of Advanced Micro Devices Inc (AMD: NASDAQ) and Xilinx Inc (XLNX: NASDAQ) are up more than 5% on the day as the other notable winners.
On the other hand, the drop in crude oil prices appears to be affecting energy stocks. Shares of EOG Resources Inc (EOG: NYSE), Pioneer Natural Resources Co (PXD: NYSE), ConocoPhillips (COP: NYSE) and Exxon Mobil Corp (XOM: NYSE) fell between 4% and 5.65%.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
