S&P 500 Gains and Losses Today: Hershey Stock Simmers as Mondelez Weighs Takeover [Video]

Major U.S. equities indexes moved lower at the onset of a new trading week that will see the release of several key economic data points. In particular, Wednesday’s Consumer Price Index (CPI) report could have implications for Federal Reserve officials as they weigh whether to cut interest at the final policy meeting in 2024, scheduled for Dec. 17-18.

The S&P 500 and the Nasdaq both closed Monday’s session down around 0.6%, retreating from record levels notched last week. The Dow lost 0.5%.

Advertising agency Omnicom (OMC) announced an agreement to acquire rival firm Interpublic Group (IPG). If the all-stock takeover comes to fruition, the combined entity would be the world’s largest ad conglomerate. Omnicom’s chief executive said the deal would expand opportunities to benefit from new technologies and ongoing changes in the advertising industry. However, Omnicom shares tumbled 10.3% after the announcement, losing the most of any S&P 500 stock on Monday. Interpublic Group shares added 3.6%.

Comcast (…