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Midday movers: Apple, Palo Alto Networks, Chevron and more

Investing.com -- Stocks are mixed on Monday as investors look ahead to next week's Federal Reserve interest rate decision. Here are the market movers for June 5.

  • Apple Inc (NASDAQ:AAPL) shares rose 1.9% ahead of the start of its annual Developers Conference, where it is expected to unveil a number of new products, including the highly anticipated mixed reality headset.
  • Palo Alto Networks Inc (NASDAQ:PANW) shares rose 5.3% after the cybersecurity company will be added to the S&P 500, taking the place of Dish Network (NASDAQ:DISH).
  • Chevron Corp (NYSE:CVX) shares rose 0.2% and Exxon Mobil Corp (NYSE:XOM) shares rose 0.3% as oil prices jumped. Saudi Arabia agreed to cut another one million barrels a day from production in July as other major oil producing countries pushed production goals into next year.
  • General Motors Company (NYSE:GM) shares slipped 0.1% after the automaker said it would invest $1 billion in two Michigan plants to produce next-generation heavy duty trucks.
  • Spotify Technology SA (NYSE:SPOT) shares rose 2.8% after the streaming media platform said it was cutting 200 jobs, or about 2% of its workforce, as it makes changes in its podcast business.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.