U.S. stocks close lower as MongoDB plunges 18.46% and Kodiak soars 177.96%

  • MongoDB, Kodiak, Navitas, Boeing and Nvidia drew retail-trader attention Monday.
  • Kodiak shares surged 177.96% to close at $89.92.
  • Nvidia raised its remaining buyback authorization to $235 billion through fiscal 2028.

Major U.S. stock indexes ended Monday lower as rising Treasury yields and oil prices nearing $100 per barrel unsettled investors. The Dow Jones Industrial Average fell 0.67% to 51,481.51, the S&P 500 declined 0.77% to 7,683.69 and the Nasdaq dropped 0.92% to 26,820.38. Investors were watching whether the turbulence marked a shift from growth-heavy stocks toward value-oriented sectors. MongoDB shares plunged 18.46% after CEO Chirantan Desai left to join Meta Platforms, with former CEO Dev Ittycheria becoming interim president and CEO. Kodiak Sciences surged 177.96% after reporting positive Phase 3 DAYBREAK results for Zenkuda and tabirafusp-ted, while Navitas Semiconductor fell 3.85% after being selected for a U.S. government program involving 10 kV silicon carbide power semiconductors. Boeing declined 6.91% after disclosing a software glitch affecting 737 MAX jets. Nvidia gained 1.68% after authorizing an additional $150 billion in share buybacks, bringing its remaining authorization to $235 billion through fiscal 2028.

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