Top Stock Movers Now: Coinbase, Robinhood, Moderna, Synopsys, and More

• StockStory Top Pick HOOD +2.20%
• ^GSPC +0.25% COIN +1.32% MRNA -0.41% ^DJI +0.39%

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Major U.S. equities indexes lost ground Monday afternoon, as shares of tech and cryptocurrency-related companies pulled back. The S&P 500 and Nasdaq slid about 0.2%, while the Dow dropped 0.4%.

Cryptocurrency exchange Coinbase Global (COIN) was one of the biggest decliners in the S&P 500, with shares down about 6% as the price of Bitcoin and other major cryptocurrencies fell. Shares of Robinhood Markets (HOOD) dropped close to 5%.

Shares of vaccine maker Moderna (MRNA) slumped 6% following reports an official with the the Food and Drug Administration called for a stricter vaccine approval process.

Sandisk (SNDK) shares plunged close to 7%, reversing last week's gains on enthusiasm for its addition to the S&P 500.

Shares of Old Dominion Freight Line (ODFL) and J.B. Hunt Transport Services (JBHT) climbed about 6% and 4% respectively, following bullish comments from BMO Capital. The bank gave both stocks an “outperform” rating, pointing to Old Dominion benefiting from its less-than-truckload focus and J.B. Hunt’s cost savings and intermodal volumes, among other things.

Wynn Resorts (WYNN) shares gained around 4% as Goldman Sachs put the casino operator on its conviction buy list. Goldman said Wynn has a best-in-class business in Las Vegas, and should benefit from improvements in Macao.

Shares of Synopsys (SNPS) climbed 4% after chipmaker Nvidia (NVDA) said it's investing $2 billion in the maker of semiconductor and circuit design software as part of a partnership.

Oil and gold futures rose. The yield on the 10-year Treasury note climbed to 4.09%. The U.S. dollar lost ground to the euro, pound, and yen.

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