Stock market live Monday: S&P 500 still shy of record close, Tesla hits new high, gold best day since April

for their handling of a $765 million federal government loan offer to produce pharmaceutical ingredients in the United States. Shares of embattled Kodak, known for producing camera film, skyrocketed on the official announcement on July 28. However, trading activity of Kodak's stock picked up significantly the day prior.

. Builder confidence in the newly built, single-family home market jumped 6 points to 78 in August on the National Association of Home Builders/Wells Fargo Housing Market Index. Anything above 50 is considered positive sentiment. The index is now at the highest level in the 35-year history of the monthly series and matches the record set in December 1998.

Shares of Apollo-owned Rackspace Technology soared more than 12% on Monday after Reuters, citing sources, reported Amazon is in talks to take a minority stake in the cloud company. Rackspace's technology works in tandem with Amazon's cloud business, Amazon Web Services and the partnership would help create greater synergies between the entities. Rackspace also does business with Microsoft, Alphabet and VMware, among others.

"This is the anti-bank trade and they keep going ... I don't know what stops PayPal, that is just a juggernaut," the

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