These 2 Stocks Were Monday's Key Movers

Wall Street started the new week on a down note, reacting negatively to strong economic data that raised concerns that the Federal Reserve might not slow down the pace of its monetary tightening efforts as quickly as previously hoped. The Nasdaq Composite (NASDAQINDEX: ^IXIC) fell nearly 2%, while the Dow Jones Industrial Average (DJINDICES: ^DJI), and S&P 500 (SNPINDEX: ^GSPC) posted smaller but still significant losses. Universal Display (NASDAQ: OLED) got a nice boost on a strategic initiative that could pay off with long-term growth for the organic LED specialist, but VF Corp. (NYSE: VFC) posted disappointing results and will have to deal with a challenging situation inside the company.