Shares of Southwest Airlines Co. got a lift toward a six-week high Monday after activist investor Elliott Management sent a letter to shareholders explaining why the air carrier needs new leadership.
Orders at U.S. factories for long-lasting goods, such as new cars or machinery, jumped 9.9% in July, beating a 4% forecast. Orders have risen in five of the last six months.
Treasury yields were little-changed early Monday after falling last week as Federal Reserve Chairman Jerome Powell teed up a September interest-rate cut.
SolarEdge’s stock charged higher in early Monday trading, after the solar-power-equipment maker said its chief executive of the past five years, Zvi Lando, has stepped down.
Mizuho said Monday its August consumer survey found that low-income consumers, who account for 22% of total U.S. household spending, continuing to struggle. But the cracks were also starting to show for higher-income consumers.