Stocks finished lower Monday as investors weighed concerns about the impact rising inflation rates would have on the economic recovery.
Here are some of the big movers in the stock market on Monday:
1. Apellis Pharmaceuticals | Increase 20%
Apellis Pharmaceuticals (APLS) - Get Apellis Pharmaceuticals Inc. Report rose after the biotech said it had won government approval for a rare-blood-disease treatment. The U.S. Food and Drug Administration cleared Empaveli, which the company said was the first and only targeted C3 therapy to treat adults with paroxysmal nocturnal hemoglobinuria.
2. Harley-Davidson| Increase 9%
Harley-Davidson (HOG) - Get Harley-Davidson Inc. Report moved up after the iconic motorcycle maker said it was encouraged by the European Union's decision to postpone plans to raise tariffs on some U.S. goods, including motorcycles. CEO Jordan Zeitz said the decision was "the first step in the right direction in a dispute not of our making."
3. Dillard's | Increase 13%
Dillard's (DDS) - Get Dillard's Inc. Report hit a fresh high on Monday after the retail department store operator unveiled a plan to buy back $500 million of its Class A common. On Friday, the company said it had swung to a first-quarter profit.
4. Children's Place | Increase 16%
Children's Place (PLCE) - Get Children's Place Inc. (The) Report surged after the specialty retailer was upgraded by Wedbush and Monness Crespi and Hardt to buy equivalents. Wedbush raised its price target to $150 from $48, while Monness assigned a $93 price target ahead of the company's first-quarter results on May 20.
5. Harmony Gold | Increase 11%
Shares of Harmony Gold Mining (HMY) - Get Harmony Gold Mining Company Limited Report surged, along with several other mining companies, as gold and silver prices surged. Gold prices reached a three-month high on Monday.