Company News for May 24, 2023

• Shares of Chevron Corporation CVX rose 2.9%, with energy becoming the best-performing sector of the day.

• Shares of Broadcom Inc. AVGO advanced 1.2% after the chipmaker announced that it had entered into a multi-billion-dollar deal with Apple Inc AAPL, shares of which fell 1.5%.

• Las Vegas Sands Corp.’s LVS shares lost 6.4%, with discretionary stocks taking a hit on treasury yields rising.

• Shares of PacWest Bancorp PACW jumped 7.7% with the regional banking sector continuing to crawl back to recovery.

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