Movers: Illumina, JP Morgan Chase, Nasdaq, Oracle

Scott Peters
12 Jun, 2023
New York City

The S&P 500 index increased 0.1% to 4,298.17 and the Nasdaq Composite added 0.2% to 13,259.51. 

The yield on 2-year Treasury notes increased to 4.61%, 10-year Treasury notes edged down to 3.74% and 30-year Treasury bonds eased 3.88%. 

Crude oil decreased $1.59 to $68.57 a barrel and natural gas prices decreased 2 cent to $2.23 a thermal unit. 

Nasdaq Inc declined 8.2% to $53.13 after the exchange operator agreed to acquire financial software developer Adenza from Thoma Bravo for $10.5 billion.

The company plans to pay $5.75 billion in cash and offer 85.6 million Nasdaq shares or about 14.5% of its outstanding shares.  

Illumina, Inc increased 2.9% to $206.50 after the company said chief executive Francis deSouza resigned following pressure from activist investor Carl Icahn. 

Oracle Corporation increased 4.7% to $115.04 ahead of the database developer's earnings results on the optimism of cloud computing segment revenue growth.  

JP Morgan Chase & Company declined 0.2% to $140.75 after the New York-based bank said it has reached an agreement in connection with crimes of sexual predator Jeffrey Epstein. 

"The parties in Jane Doe 1 v. JPMorgan Chase Bank, N.A. have informed the Court that they have reached an agreement in principle to settle the putative class action lawsuit related to Jeffrey Epstein’s crimes, which is subject to court approval," the bank announced in a news release on Monday. 

The settlement does not include ongoing litigation between the U.S. Virgin Islands and the bank and JPMorgan Chase’s claims against Jes Staley, former bank executive and friends with Jeff Epstein.