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Stocks rally to kick off big earnings week: Stock market news today

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Efforts to stop the Israel-Hamas clash from becoming a full-blown conflict have taken center stage as investors wait for earnings to roll in.

Stocks churned higher during mid-morning trading on Monday, building on earlier gains as investors prepared for a host of corporate earnings this week. Wall Street also braced for heightened geopolitical tensions as the US attempted to advance efforts to contain the Israel-Hamas conflict.Read more: What a Fed rate-hike pause means for bank accounts, CDs, loans, and credit cards

The bankruptcy is part of an effort to shutter unprofitable stores, address litigation over its role in the opioid pandemic and manage its debt load of In the filing, Rite Aid explained that the bankruptcy process will help it walk away from leases at undesirable locations, noting that the company is currently"burdened" by unprofitable stores that it can't exit.

Pfizer's shares fell by over 1% on Monday after the drugmaker cut the sales forecast for its COVID vaccine. The news dragged down other COVID-heavy stocks. Moderna -- Shell Plc shares hit a record high as rising energy prices and the new CEO’s stronger focus on the core oil and gas business attracted investors.

 

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