Boeing, Carnival, Goldman and more

Find out which companies are making the midday headlines.

Delta, United, American Airlines – Airlines shares fell in tandem as concerns over a rebound in Covid-19 cases intensified. Shares of Delta and American Airlines all lost more than 3%. United fell more than 4%. The share of aircraft maker Boeing also fell about 5%. Covid cases have increased in the United States this month, with the delta variant spreading among the unvaccinated.

Carnival, Norwegian Cruise Line – Shares of cruise line operators were among the most lagging behind amid Monday’s massive sell-off. Carnival and Norwegian Cruise Line fell by around more than 4% each, while Royal Caribbean fell more than 3%. The drop came as the United States averaged nearly 30,000 new cases per day over the past seven days ending Friday, down from a seven-day average of around 11,000 cases per day a day ago. months, according to CDC data.

Diamondback Energy, Devon Energy, Marathon Oil – Shares of oil companies fell amid falling U.S. oil prices as OPEC and its allies agreed to increase production. West Texas Intermediate crude futures fell below the key level of $ 70 on Monday for the first time in more than a month. Diamondback Energy slipped 7.8% and Marathon Oil 6%. Devon Energy wiped out 5%. Chevron lost more than 3%, while Exxon Mobil lost more than 4%.

JPMorgan, Morgan Stanley, Goldman Sachs – Bank stocks were hit on Monday as bond yields fell, reducing their prospects for profitability. JPMorgan, Morgan Stanley, Goldman Sachs and Wells Fargo all slipped more than 3%. Bank of America fell more than 2% and Citi fell more than 3%.

Peloton, Chewy, DoorDash – Shares of companies that have benefited from consumers staying at home amid the pandemic rose on Monday as concerns about the spread of the delta Covid variant escalated. Exercise company Peloton and online pet supply retailer Chewy added more than 6% each. DoorDash food delivery service grew by more than 4%. Albertsons grocery stores climbed 0.9%, while Kroger gained more than 1%.

Tractor Supply – Tractor Supply shares fell about 6% despite a better-than-expected second quarter earnings report. The farm equipment and services company posted quarterly profit of $ 3.19 per share on revenues of $ 3.6 billion, beating analysts’ earnings estimates of $ 2.96 per share on revenues of 3 , 46 billion dollars.

Zoom Video – Shares of the video conferencing company fell more than 4% on Monday after it said it bought Five9, a cloud contact center software provider, in a stock trade valuing the company at $ 14.7 billion. The deal marks Zoom’s first billion dollar acquisition.

Moderna – Moderna shares rose more than 7%, continuing the stock’s rise after the news last week that the pharmaceutical company would join the S&P 500 on Wednesday, July 21. Moderna will replace Alexion Pharmaceuticals, which is being acquired by AstraZeneca.

– CNBC’s Yun Li, Maggie Fitzgerald and Tanaya Macheel contributed reporting