Stocks closed higher Monday as Wall Street readied for a big week of earnings from several major companies and a policy update from the Federal Reserve.
Here are some of the big movers in the stock market on Monday:
1. Hasbro | Increase 12%
Hasbro (HAS) - Get Hasbro, Inc. (HAS) Report surged after the toymaker posted stronger-than-expected second-quarter earnings as its recent focus on digital gaming and entertainment continues to add to the top and bottom lines.
Revenue rose 53% to $1.32 billion.
2. Aon | Increase 8.2%
The pair first proposed their merger in March 2020 before the Department of Justice filed an antitrust lawsuit in June 2021.
3. Riot Blockchain | Increase 21%
Riot Blockchain (RIOT) - Get Riot Blockchain Inc Report shares rose as Bitcoin prices climbed amid speculation that Amazon (AMZN) - Get Amazon.com, Inc. Report could be entering the cryptocurrency sector.
Amazon, the internet retail giant, recently posted a position for a digital currency and blockchain product lead on its site, hinting at a potential crypto integration in the future.
4. SPX Flow | Increase 8.7%
5. RBC Bearings | Increase 16%
RBC Bearings (ROLL) - Get RBC Bearings Incorporated Report shares climbed after the engineered precision bearings and components company agreed to acquire ABB's Dodge power transmission unit in a $2.9 billion deal.
The all-cash deal to sell Dodge is expected to be completed by the end of 2021.