Wall Street Indexes Wavered On Monday, Keurig Dr Pepper to Buy JDE Peet for $18 Billion

Barry Adams
25 Aug, 2025
New York City

Wall Street indexes hovered near record highs on Monday, and artificial intelligence technology-related stocks remained in focus ahead of Nvidia's earnings. 

The S&P 500 index decreased 0.2%, and the Nasdaq Composite declined 0.3% after they advanced 1% and 2%, respectively. 

Wall Street indexes rebounded last Friday and trimmed weekly losses after Fed Chairman Powell signaled a possible rate cut in September. 

Benchmark indexes jumped as much as 2%, but a possible 25-basis-point rate cut is not likely to cure the fast-cooling labor market and record-high economic uncertainty induced by Trump tariffs. 

Small businesses in logistics, retail, and manufacturing activities are going out of business in record numbers. 

Moreover, farmers are forced out of their land in Kansas, Nebraska, Iowa, and Montana following the ending of the USAID program and China switching to sourcing from South America amid constant U.S. tariff threats.

Prices for corn and soybeans are at multi-year lows, and the rising costs of farming inputs are exacerbating the situation throughout the Midwest. 

In addition, the U.S. Immigration and Customs Enforcement crackdown is keeping migrant workers away from farms, forcing many farmers to let the crop rot, as Americans show little interest in rushing to take up the newly available farm jobs.

Last week, Walmart, Target, Home Depot, Lowe's, Ross Stores, and T.J. Maxx indicated that the sharp jump in import duties is increasing the cost of goods.

On the economic front, this week investors are awaiting the release of the second estimate of the economic growth in the second quarter. 

Friday's personal income and outlays are expected to show an increase in July, and the core PCE price index is estimated to rise 0.3% monthly, confirming elevated inflationary forces.

Moreover, durable goods orders are likely to show a contraction in July, but orders excluding volatile transportation and defense are expected to be steady. 

On the earnings front, investors are awaiting quarterly results from Nvidia, and analysts are likely to raise the target price after the release of earnings. 

In addition, Abercrombie & Fitch, Williams-Sonoma, Urban Outfitters, Burlington Northern, Best Buy, and Dick's Sporting Goods are set to release their quarterly results. 

In addition, HEICO, MongoDB, Okta, Autodesk, Marvell Technology, HP, and PVH Corp. are scheduled to release their quarterly results this week. 

 

U.S. Stock Movers 

Keurig Dr Pepper Inc declined 7.5% to $32.50, and the beverage company agreed to acquire the Netherlands-based JDE Peet for €15.4 billion, or $18.5 billion.

After the merger, the company plans to list two separate businesses—a soft drink company and a coffee group. 

Keurig Dr Pepper agreed to pay shareholders of JDE Peet's €31.85, or about $37.28, per share. 

JDE Peet's global brand portfolio includes Douwe Egberts, Kenco and Peet’s Coffee, Maxwell House, Grand Mere, Prima, and Caboclo.