Mid-Day Market Update: Markets Largely Flat, McMoRan Falls Further

Mid-Way through trading Monday, the Dow traded down 0.60 percent to 12,932.20 while the NASDAQ rose 0.02 percent to 2,967.43. The S&P also fell, decreasing 0.50 percent to 1,402.14. Top Headline
McGraw Hill MHP announced it would sell its education unit to Apollo for $2.5 billion this morning, causing its share price to rise just under 2.6 percent. Equities Trading UP
3D Systems DDD traded up 11.36 percent to $46.48 following the release of its new line of 3D printers and the announcement that GE would buy a rival 3D printing company. Infinera INFN rose 8.02 percent to $5.25 after the company's CEO purchased $223.6 thousand in stock this morning. Shares of Stratasys SSYS were also up, rising 7.19 percent to $75.87 , possibly linked to the Infinera rally. Equities Trading DOWN
Aeropostale ARO fell 6.64 percent to $13.49 following a downgrade on Sunday at Janney Montgomery Scott and positive comments towards its competitor Abercrombie. Shares of McMoRan Exploration MMR dropped 15.30 percent to $10.55 on higher than average volume. Generac Holdings GNRC also fell, dropping 9.15 percent to $32.06 after the company announced a secondary offering Monday morning. Commodities
In commodity news, oil traded down 0.41 percent to $87.87, while gold traded down -0.12 percent to $1,749.30. Silver traded down 0.04 percent Tuesday to $34.08. Eurozone
European markets fell early this morning as European finance ministers continue to meet to discuss the Greek bailout for the third straight week. Economics
In economic news the Chicago fed national activity index came in at -0.56, below the previous figure of 0.00, while the Dallas fed manufacturing index was reported at -2.8, well below the expected 2.5 and the prior release of 1.8.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: NewsCommoditiesEventsGlobalEcon #sEconomicsHotIntraday UpdateMarketsAnalyst RatingsMoversTechTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!