The Day Ahead

TOP NEWS

• US food giant Sysco acquires catering supplier Restaurant Depot for $29 billion to expand reach to independent restaurants.
• Nvidia's price-to-earnings ratio hits a seven-year low due to global market worries and AI angst.
• E*Trade in talks to lead SpaceX IPO share sale to small U.S. investors.
• Nasdaq to implement "fast entry" rules for new large-cap listings on its Nasdaq-100 index.
• Starbucks investors reelected the full board, rejecting labor-backed challenges.

MARKET RECAP AT 4 pm ET

• S&P 500 and Nasdaq closed lower.
• Oil prices rose.
• Treasuries rallied across the curve.
• Dollar index edged up.
• Gold rose on safe-haven demand.