Stock futures are little changed after Dow tops 53,000 for first time: Live updates

The rocket company will join the concentrated index on Tuesday. It’s expected to catalyze a spate of passive buying from mutual and exchange-traded funds that track the index.

CNBC Pro subscribers can click here to read more about what it means for investors.

— Alex Harring

“I have just been informed that one of the biggest, best, and smartest Retailers in America, Walmart, will be lowering prices, by a lot, at my Administration’s request to celebrate our great Country’s 250th birthday,” Trump wrote on Truth Social in an afternoon post.

Trump said that Walmart would specifically lower ground beef prices “by almost 15%.” Other products would also see price decreases, he said.

“Walmart is stepping up in a big and bold way, and other Retailers should follow the lead of these absolute Patriots,” Trump wrote.

Walmart shares slipped about 1% in Monday’s session, marking its seventh losing day of the last eight. Shares are slightly below flat on the year.

— Alex Harring

Shares of Vertex Pharmaceuticals dropped more than 2% following news that the company will be buying Crinetics.

Vertex said it has entered an agreement to acquire Crinetics for $85 per share in cash, valuing the deal at about $10 billion.

The acquisition is expected to close in the third quarter of 2026.

Shares of Crinetics nearly doubled in extended trading.

—Darla Mercado

Futures tied to the Dow, S&P 500 and Nadaq-100 all traded near flat shortly after 6 p.m. ET.

— Alex Harring