Key takeout
- The S&P 500 increased by 0.2% on Monday, September 8th, 2025.
- Uber’s shares climbed after the company announced it would start testing self-driving cars in Germany next year, collaborating with its partner Momenta.
- CVS stocks dropped after management decided not to provide updated guidance or comments on future Medicare Advantage Star ratings during an investor meeting.
The major U.S. equity indexes saw gains as the market kicked off a new trading week.
Investors are likely to keep a close watch on inflation, especially with the consumer price index data set to be released on Thursday.
The S&P 500 rose 0.2% on Monday, while the Nasdaq jumped 0.5%, hitting a record high, and the Dow increased by 0.3%.
Shares of Take-Two Interactive Software (TTWO), a video game developer, surged by 3.8%, marking the highest performance on the S&P 500 after the launch of its new professional basketball game and the announcement of a college basketball game in development.
Uber Technologies saw its shares rise by 3.7% after revealing plans with Momenta to begin testing autonomous vehicles in Munich, Germany, in 2026. Reports from Bloomberg indicated that the revenues would be channeled towards general corporate purposes.
Broadcom (AVGO) shares increased by 3.2%, continuing the strong profits reported late last week, as chipmakers exceeded revenue expectations. The surge in AI-related revenues played a significant role, with Broadcom reportedly receiving $10 billion in new client orders.
On the other hand, CVS Health (CVS) experienced a 4.8% drop in its stock, losing much of its presence in the S&P 500. This came after top executives at the Morgan Stanley Investor Conference did not offer new financial forecasts or updates on the upcoming federal Medicare Advantage Plan star rating. It was mentioned that CVS would refrain from updating guidance between quarterly revenue reports.
Shares of Brown Forman (BF.B), known for its alcoholic beverages, fell by 4.6%, continuing a downward trend since the disappointing sales of Jack Daniel’s last month. The company attributed this decline to the ongoing trade disputes between the U.S. and Canada and warned of economic uncertainties and oversupply issues in the U.S. whiskey market. With Monday’s decline, Brown Forman’s stock has lost over a quarter of its value this year.
Norwegian Cruise Line Holdings (NCLH) has revealed plans to raise approximately $3.25 billion through senior and exchangeable notes and is in the process of registering common stock. While this increases the company’s debt, it also dilutes the ownership for existing shareholders. Consequently, shares of the cruise operator fell by 4.4% on Monday.
