-- Consumer stocks were lower Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.4%.
In corporate news, Domino's Pizza (DPZ) reported weaker-than-expected Q1 results on Monday, with the company's CEO saying consumer uncertainty and inflation weighed on demand late in the quarter. Its shares slumped nearly 10%.
Investors in a Blue Owl Capital (OWL) business development company tendered less than 1% of shares to Boaz Weinstein's Saba Capital Management and Cox Capital Partners, which had offered to buy them out at a significant discount, Bloomberg reported Monday, citing people familiar with the matter.Blue Owl didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $8.97, Change: $-0.21, Percent Change: -2.29%
First Bancorp (FBP) shares were up 3.4% in Monday trading after Raymond James upgraded the company's stock to strong buy from outperform and raised its price target to $27 from $26.Trading volume stood at about 537,000 shares, compared with a daily average of around 1.5 million.Price: $24.23, Change: $+0.82, Percent Change: +3.48%
Advanced Micro Devices (AMD) shares were down over 3% in Monday trading after Northland downgraded the company's stock to market perform from outperform.Trading volume stood at more than 38.6 million shares, compared with a daily average of around 38.2 million.Price: $335.90, Change: $-11.91, Percent Change: -3.42%