Google Parent Alphabet, Dell, HP, and More

Major U.S. equities indexes were mixed and little changed at midday Monday ahead of a slew of earnings reports from big retailers and tech companies expected later this week. The S&P 500 and Nasdaq were slightly higher, while the Dow edged lower.

Alphabet (GOOG, GOOGL) shares surged after Berkshire Hathaway (BRK.A, BRK.B) revealed a stake in the owner of Google and YouTube. Separately, YouTube TV on Friday struck a deal with Disney.

E.W. Scripps (SSP) shares also took off after rival Sinclair (SGBI) disclosed an 8.2% stake in the owner of television stations and newspapers, in a step toward trying to purchase its broadcasting rival. Sinclair shares gained as well.

Shares of Dell Technologies (DELL), HP (HPQ), and Hewlett Packard Enterprise (HPE) fell in the wake of downgrades from Morgan Stanley, which sees computer hardware earnings being hurt by soaring memory chip prices.

Sealed Air (SEE) shares slid as the maker of bubble wrap agreed to be taken private by investment firm CD&R.

Aramark (ARMK) shares dropped after the provider of food services to sports stadiums posted weaker-than-expected results and guidance on concerns about macroeconomic conditions a potential pullback in consumer spending.

Oil and gold futures fell. The yield on the 10-year Treasury note slid. The U.S. dollar was up on the euro and yen, but lost ground to the pound. Trading in major cryptocurrencies was mixed.