• Intel Corp.’s (INTC) shares jumped 6.4% following report that the company qualified for $3.5 billion in federal grants to make semiconductors for the U.S. Department of Defense.

• Shares of The Boeing Co. (BA) fell 0.8% after the company announced plans freezing hiring and weighing temporary furloughs in the coming weeks. 

• Shares of Nuvalent Inc.’s (NUVL) soared 28.3% after the company released positive data on two experimental cancer treatments over the weekend.

• Alcoa Corporation (AA) shares climbed 6.1% after the company agreed to sell its full 25.1% ownership in the Ma’aden joint venture for about $1.1 billion.

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