U.S. stocks opened mixed on September 8, with the Dow down more than 300 points while the S&P 500 was roughly flat and the Nasdaq edged higher. Renewed tensions in the Middle East pushed oil prices to their highest level since late July. Investors are also watching for key U.S. inflation data due later this week.

GE Aerospace said it will buy key industry supplier CPP for nearly $12 billion to strengthen its casting production capacity and tighten control over its supply chain. Following the announcement, GE shares rose. The acquisition marks a major step in GE Aerospace’s push toward vertical integration, aimed at securing access to critical parts and improving operational efficiency.

GameStop reported fiscal second-quarter net income of $298.7 million, or 51 cents per share. Adjusted earnings were 27 cents per share, excluding one-time items. Revenue for the quarter was $790.2 million.

SpaceX (SPCX) drew about $7.27 billion in institutional inflows over the past 12 months, with 108 institutions increasing their holdings. K5 Global Advisor LLC disclosed the largest position at 38.6 million shares valued at about $6.59 billion. Based on the ownership trend, the market expects SpaceX’s valuation could rise to $3 trillion to $3.7 trillion, implying a share-price range of $225 to $280.

S&P Dow Jones said it will add Bloom Energy to the S&P 500 after the company’s second-quarter revenue topped $1 billion for the first time. Management lifted its full-year revenue outlook to $3.9 billion to $4.2 billion on accelerating data center deliveries. The company also expanded its project financing framework from $5 billion to $25 billion.

ABM Industries reported fiscal third-quarter net income of $49.7 million, or $0.84 per share. Adjusted earnings came in at $1.04 per share, topping the $1.01 consensus from three analysts surveyed by Zacks. Revenue totaled $2.32 billion, above the $2.3 billion estimate. The company forecast full-year earnings of $3.95 to $4.10 per share.

Lithia & Driveway said it has acquired Rockwall Hyundai in Rockwall, Texas, adding an estimated $75 million in annualized revenue. The deal lifts the company’s year-to-date acquired annualized revenue to $915 million. The company also said it spent $40 million this quarter to repurchase about 108,000 shares, and has repurchased about 1.9 million shares year to date, with $580 million remaining under its authorization.

Samsung India has started layoffs in its television and home appliance divisions, with around 80 to 100 executives already asked to leave. Sources said up to 25% of the sales and marketing workforce in its electronics business could eventually be affected. The company is facing pressure from a nearly 10% rupee depreciation and an 11-12% year-on-year drop in smartphone volumes in India, alongside rising costs. It is pursuing aggressive cost-cutting measures as sales slow and expenses climb.