Sonos — Shares of the high-end speaker company jumped over 8% after a judge for the International Trade Commission ruled Google infringed on some of its audio technology patents, a ruling that could lead to an import ban for some of Google’s Pixel smartphones and Nest audio speakers.
Tesla — Tesla’s stock retreated nearly 5% after the National Highway Traffic Safety Administration announced a formal probe into the electric vehicle maker’s Autopilot partially automated driving system. The regulators identified 11 crashes resulting in at least 17 people injured and one dead.
Oil stocks — Oil stocks slipped on Monday after weak economic data out of China fanned concerns about slowing global growth. Shares of Diamondback Energy fell more than 4%, as did shares of Occidental Petroleum. Futures for U.S. benchmark West Texas Intermediate crude traded at about $67 per barrel.
Walmart — Shares of the retailer advanced nearly 1% after Jefferies reiterated its buy rating on the stock ahead of the retailer’s quarterly results on Tuesday. The firm said it expects a “solid” second quarter, with Walmart’s model advantages becoming “more apparent.”
