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U.S. stock market indexes fell on Monday to pause from their streak of record highs as investors waded through a heavy run of corporate earnings. All three benchmark equity indexes closed at all-time highs on Friday and hit intraday records early Monday. The S&P 500 fell 10 points, or 0.4%, to 2565. The Dow Jones Industrial Average shed 54 points, or 0.2%, to 23275. The Nasdaq Composite Index retreated 42 points, or 0.6%, to 6587.

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The U.S. oil benchmark eked out a small gain Monday as traders weighed disruptions in Iraqi oil production and optimism over output cuts by members of the Organization of the Petroleum Exporting Countries. West Texas Intermediate crude for December delivery on the New York Mercantile Exchange rose 6 cents to close at $51.90 a barrel.

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Shares of Nvidia Corp. ticked higher Monday after one analyst hiked his target price of the already high-flying stock by nearly 28%. Nvidia shares rose 0.8% to $198.45 in recent trading, and are up 86% for the year, compared with the S&P 500 index’s 15% rise. On Monday, Jefferies analyst Mark Lipacis, who has a buy rating on the stock, hiked his price target on Nvidia to $230 from $180 on the belief that the company’s Volta graphics processing unit will outperform competitors in the field of neural networks applications, and translate into upside surprises over the next 18 to 24 months. Earlier in the year, Lipacis said Intel Corp. stands to lose ground to Nvidia in data center applications in what he called a “tectonic shift.” With the price hike, the average price target for Nvidia is $175.88, according to targets from 38 analysts surveyed by FactSet. Nvidia reports earnings on Nov. 9.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Shares of disk-drive maker Seagate Technlogy Plc surged 12% in early trade Monday, after the company handily beat earnings estimates for its fiscal first quarter. Seagate said it had net income of $181 million, or 62 cents a share, in the quarter, up from $167 million, or 55 cents a share, in the year-earlier period. Adjusted per-share earnings came to 96 cents, a full 10 cents ahead of the 86 cents FactSet consensus. Revenue edged down to $2.632 billion from $2.797 billion, but was ahead of the FactSet consensus of $2.540 billion. Shares are down 8% in 2017, while the S&P 500 has gained 15%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Equifax Inc.’s stock shed 0.9% in morning trade Monday, after the credit reporting company was downgraded at RBC Capital, which cited continued uncertainties surrounding the effects of the massive data breach unveiled last month. Analyst Gary Bisbee cut his rating to sector perform, after being at outperform since August 2015. “Following a health rally off the post-breach lows, we are downgrading Equifax to sector perform,” Bisbee wrote in a note to clients. “We expect the stock to be range-bound for several quarters as the breach impact plays out and until a number of uncertainties begin to clear up.” The stock had tumbled 35% in the week after the breach was unveiled to a two-year low of $92.98 on Sept. 15, then bounced as much as 22% to $113.54 on Oct. 10, before pulling back slightly. Among the “uncertainties” Bisbee notes are how much the underlying earnings power will be hurt by the breach, how much market share will be lost, how will the regulatory environment change and how long with the breach impact work through financials. The stock has shed 7.8% year to date, while the S&P 500 has gained 15%.

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CBS Corp. on Monday said it has renewed new hit show “Star Trek: Discovery” for a second season. “Star Trek: Discovery” is currently one of CBS All Access’ two original series streaming only on the service and not on traditional TV, as the media company positions itself to better compete in a changing media landscape. The other show is CBS’s “The Good Wife” spinoff, “The Good Fight.” “Star Trek: Discovery’s” launch broke records for CBS All Access subscriber additions in a single day, week and month. “In just six episodes, STAR TREK: DISCOVERY has driven subscriber growth, critical acclaim and huge global fan interest for the first premium version of this great franchise,” said Marc DeBevoise, CBS Interactive president. “Star Trek: Discovery,” airing in two chapters, has new episodes available on CBS All Access at 8:30 p.m. Eastern every Sunday. The final episode of chapter one airs Nov. 12, and the second chapter begins in January 2018. CBS did not say when season two would return. Shares of CBS have declined 8% in the year to date, while the S&P 500 index is up 15% and the Dow Jones Industrial Average is up 18% during the same time frame.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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