Here are some of the biggest movers of the day:
Stock gainers: Icahn Enterprises shares
IEP,
jumped 5%. The Wall Street Journal reported that Carl Icahn and banks finalized amended loan agreements Sunday that untie his personal loans from the trading price of his company’s shares.
Stock decliners: Alibaba shares
BABA,
fell 1%. The Chinese internet giant said it’s not decided whether to participate in Ant Group’s buying up to 8% of its equity back at a price valuing the financial services firm at 567.1 billion yuan, or $78.5 billion.
Northern Trust stock
NTRS,
fell 3%. UBS downgraded the bank to neutral from buy, as part of a broader note in which trust banks earnings estimates were lowered on worries over a decline in deposits. UBS said on Northern Trust in particular, it’s facing increased expense pressure and is less likely to pursue stock buybacks than peers.
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