: Crude Oil Rises Over 2%; GoPro Shares Decline Following Morgan Stanley Downgrade

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Toward the end of trading Monday, the Dow traded down 0.02 percent to 17,260.94 while the NASDAQ declined 0.19 percent to 4,923.90. The S&P also fell, dropping 0.09 percent to 2,010.56.
Leading and Lagging Sectors
On Monday, telecommunications services shares surged by 0.17 percent. Top gainers in the sector included
Nippon Telegraph & Telephone Corp (ADR) NTT
,
IDT CorporationIDT
, and
TELUS Corporation (USA) TU
. In trading on Monday, basic materials shares were relative laggards, down on the day by about 1.61 percent. Meanwhile, top losers in the sector included
AngloGold Ashanti Limited (ADR) AU
, down 10 percent, and
HORSEHEAD HOLDING CORP. ZINC
, down 12 percent.
Top Headline Newell Rubbermaid Inc.NWL
announced plans to acquire
Jarden CorpJAH
for around $13.2 billion. The offer price of $60 per share in cash and stock represents a 14 percent premium over Jarden's closing price on Friday.
Equities Trading UP Akebia Therapeutics IncAKBA
shares shot up 8 percent to $10.55 after the company reported a collaboration with Mitsubishi Tanabe Pharma for the development and commercialization of Vadadustat in Asia. Shares of
Trina Solar Limited (ADR)TSL
got a boost, shooting up 11 percent to $10.60 following announcement of $11.60 per ADS 'going private' proposal.
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Siliconware Precision Industries (ADR)SPIL
shares were also up, gaining 8 percent to $7.72 after
Advanced Semiconductor Engineering (ADR)ASX
offered to acquire Siliconware Precision for 55 Taiwanese Dollars per share.
Equities Trading DOWN Atara Biotherapeutics Inc ATRA
shares tumbled 35 percent to $21.74 after the company reported results from its Phase 2 proof-of-concept PINTA 745 clinical trial for protein energy wasting in patients with end stage renal disease. Shares of
GoPro IncGPRO
were down 13 percent to $16.60. Morgan Stanley downgraded the rating on GoPro from Equal-weight to Underweight, while lowering the price target from $23 to $12.
Newell Rubbermaid Inc.NWL
was down, falling 8 percent to $41.53 after the company announced plans to acquire
Jarden CorpJAH
for around $13.2 billion.
Commodities
In commodity news, oil traded up 2.16 percent to $36.39, while gold traded down 0.96 percent to $1,065.40. Silver traded down 1.18 percent Monday to $13.72, while copper fell 0.19 percent to $2.11.
Eurozone
European shares closed lower today. The eurozone's STOXX 600 fell 1.76 percent, the Spanish Ibex Index declined 2.10 percent, while Italy's FTSE MIB Index dipped 2.42 percent. Meanwhile, the German DAX slipped 1.94 percent, and the French CAC 40 slipped 1.68 percent, while U.K. shares fell 1.32 percent.
Economics
No major economic reports are scheduled for release today.
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Posted In: NewsEurozoneCommoditiesM&AGlobalIntraday UpdateMarketsMoversMid-Afternoon Market Update
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