Investing.com -- Stocks were rising on Monday after JPMorgan's deal for First Republic helped stabilize the banking sector as investors await this week's Federal Reserve meeting. Here are the market movers for May 1.
- JPMorgan Chase & Co (NYSE: JPM ) shares rose 3.2% after the bank's deal for First Republic was announced. Shares of other bidders for the San Francisco lender fell, including PNC Financial Services Group Inc (NYSE: PNC ), down 4.7%. Other regional bank shares weakened somewhat, including PacWest Bancorp (NASDAQ: PACW ), down 7.6%.
- Norwegian Cruise Line Holdings Ltd (NYSE: NCLH ) shares jumped 7.8% after the cruise operator reported better-than-expected revenue and raised its outlook, betting that higher ticket prices and rising demand for travel during the year will lift results.
- American Airlines Group (NASDAQ: AAL ) shares rose 2.2% as the travel outlook improves. But pilots for the carrier voted to approve a possible strike just ahead of summer travel season, though negotiations are ongoing and there's no immediate labor move planned.
- Walt Disney Company (NYSE: DIS ) shares dipped 0.2% after the special committee appointed by Florida Gov. Ron DeSantis agreed to sue the entertainment company. Last week, Disney filed a suit against the state to regain control of the special tax district around its Orlando theme park. Disney is among the Hollywood studios facing a possible writers' strike later today if negotiations don't come to some sort of an agreement.
Li Auto Inc (NASDAQ: LI ) shares rose 0.5% after the electric vehicle maker reported delivering 25,681 vehicles in the past month, better than expected and much higher than the same month last year.
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