Investing.com — Stocks are mixed after Federal Reserve Chair Jerome Powell repeated his call that interest rates would likely rise again this year. Here are the market movers for June 22.
- Spirit Aerosystems Holdings Inc (NYSE:SPR) shares fell 8.6% after the Boeing supplier said it was suspending factory production at a plant in Kansas because union workers were preparing to strike this weekend. Shares of Boeing Co (NYSE:BA) fell 2.4%.
- Overstockcom Inc (NASDAQ:OSTK) shares rose 17% after the online retailer won the bidding for Bed Bath & Beyond’s (OTC:BBBYQ) intellectual property assets for $21.5 million. Buybuy Baby, which is Bed Bath’s baby-focused retail division, is being sold separately.
- Amazon.com Inc (NASDAQ:AMZN) shares rose 3% while iRobot Corporation (NASDAQ:IRBT) shares fell 8.2% after a report that the $1.7 billion deal by Amazon to buy the the maker of Roomba vacuums was possibly facing an antitrust investigation in the EU.
- Darden Restaurants Inc (NYSE:DRI) shares were down 3% after the parent of Olive Garden restaurants said same-store sales for the Italian food chain fell short of expectations. Same-store sales for LongHorn Steakhouse, however, were above expectations.
- Anheuser Busch Inbev (EBR:ABI)(NYSE:BUD) shares rose 1.9% after Deutsche Bank upgraded the stock to Buy from Hold. The shares are down 3.7% so far this year after calls for a boycott of its Bud Light brand.