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Metlife, Maxim Integrated Products, Extreme Networks, Ultra Clean Are Big Stock Movers Late: S&P 500 Futures | Stock News & Stock Market Analysis

Futures for the S&P 500 index fell slightly late Monday after the major averages pulled back modestly during the regular session. In extended trading, Metlife (MET), Maxim Integrated Products (MXIM), Extreme Networks (EXTR) and Ultra Clean Holdings (UCTT) were big movers late on various headlines.

X S&P 500 index futures fell 0.1% vs. fair value. Nasdaq 100 futures sank nearly 0.1%. Dow futures rose a fraction.

Metlife

Metlife fell 6.9% in late trading after the insurance giant pushed back its quarterly earnings report by two weeks to Feb. 13. Metlife cited “material weakness” in internal controls that meant it failed to make monthly pension payments for thousands of workers last year. That will result in a profit hit and higher reserves.

Maxim Integrated Products

Maxim Integrated shot up 12% during Monday’s regular stock market trading to 66.27. Shares vaulted at the close on a CNBC report that Japan’s Renesas was looking to acquire Maxim for up to $20 billion. But late Monday, Renesas denied takeover talks. Maxim plunged 8.7% in late trade, erasing much but not all of the regular-session gains.

Extreme Networks

Extreme Networks will be added to the S&P SmallCap 600 index before Thursday’s market open. The networking firm leapt 6.3% in after-hours trade. Shares had closed in buy range, but are likely to be extended at Tuesday’s open.

Ultra Clean Holdings

The maker of key systems and subsystems for the chip- and display-equipment began a $100 million share offering. Shares retreated 7.3% in late trade.

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