Bath & Body Works, Palantir and Merck Rise Market, Macy’s Falls By Investing.com

Investing.com – US stocks traded higher on Monday, boosted by Donald Trump’s nomination of Scott Besent as Treasury Secretary.

Here are some of the biggest US stock movers today:

• Macy’s (NYSE: ) stock fell 4.4% after the retail giant announced a delay in its third-quarter earnings, citing an accounting problem. Also, sales in its first results were disappointing, as strong promotions failed to attract customers who chose to choose.

• Bath & Body Works (NYSE: ) stock surged more than 10% after the personal care and home fragrance company raised its full-year guidance after reporting strong third-quarter results.

• Palantir (NYSE: ) stock rose 2.8% after Wedbush raised its price target on the big data analytics company, saying it’s time for the broader software space to “get into the AI ​​Party.”

• Merck (NS:) stock rose 1.1% after the US drugmaker said its drug, Winrevair, significantly helped reduce the risk of death in patients with a rare condition that causes high blood pressure in the lungs.

• Peabody Energy (NYSE: ) stock fell 7.2% after the coal miner agreed to buy Anglo American’s remaining Australian coal mines for up to $3.78 billion.

• Snowflake (NYSE:) stock rose 3.5% after Wedbush upgraded its rating on the cloud-based data storage company to ‘outperform’ from ‘neutral’, citing confidence in its potential growth, particularly in the field of artificial intelligence.

• Procter & Gamble (NYSE: ) stock rose 0.5% after DA Davidson upgraded its stance on the consumer goods giant to ‘buy’ from ‘neutral’, citing positive sales from the key Chinese market.

• Summit Materials (NYSE: ) stock fell 2.4% after the cement company announced it would acquire construction materials supplier Quikrete in a deal valued at $11.5 billion.