© Reuters.
By Liz Moyer
Investing.com — U.S. stocks are higher on Monday as investors try to turn the mood positive. Here are the midday movers for June 6:
- DiDi Global Inc ADRs (NYSE:) surged 37% after a report that Chinese regulators are getting close to completing an investigation into the ride-hailing company, a possible sign the crackdown on the tech sector is easing.
- Twitter Inc (NYSE:) shares fell 2.4% after Tesla (NASDAQ:) CEO Elon Musk accused the social media company, which he is trying to buy, of failing to provide him with the information it has on fake accounts.
- Spirit Airlines Inc (NYSE:) shares jumped 6% after JetBlue Airways Corp (NASDAQ:) sweetened its takeover bid for the discount airline. JetBlue, which rose 1.2%, is battling Frontier Group Holdings Inc (NASDAQ:) for Spirit. Shareholders of Spirit are scheduled to meet this week to vote on Frontier’s offer.
- Amazon.com Inc (NASDAQ:) shares rose 2.3% on the first day its 20-for-1 stock split took effect. The shares, which closed Friday at $2,447, opened around $122 each and were trading around $125 each at midday.
- Keurig Dr Pepper Inc (NASDAQ:) shares rose 5% after S&P Dow Jones Indices said it would be adding the stock to the later in June.
- Eli Lilly and Company (NYSE:) shares rose 1.6% after studies of its diabetes drugs showed positive results. Jardiance demonstrated a lower risk of hospitalization for heart failure, while Trulicity beat the placebo in reducing blood sugar levels.
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