Major U.S. equities indexes were little changed at midday Monday, as investors weighed the possible impact of the latest tariff announcements from President Trump.
Autodesk Inc (NASDAQ:ADSK) shares gained almost 6% on Monday after the company signalled it has dropped its pursuit of acquiring PTC Inc (NASDAQ:PTC), a fellow engineering software firm valued at about $23 billion. In a filing with the Securities and Exchange Commission (SEC), Autodesk said it will be focused on its strategic priorities, indicating there will be no deal with PTC without mention...
Software design maker Autodesk said in a regulatory filing on Monday that it plans to pursue its "strategic priorities" and make only "targeted and tuck-in acquisitions," suggesting there will be no deal with software firm PTC.
U.S. equities were mostly higher at midday, boosted by optimism in the travel industry. The Dow Jones Industrial Average and S&P 500 were up, while the Nasdaq fell.
Shares of software company PTC ended Wednesday's session up 18%.
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