Mid-Day Market Update: Titan International Drops On Analyst Downgrade, MGIC Investment Rises

Midway through trading Monday, the Dow traded up 0.11 percent to 15,264.40 while the NASDAQ gained 0.40 percent to 3,483.12. The S&P also rose, surging 0.21 percent to 1,646.84. Top Headline
McDonald's MCD reported a 2.6% rise in its global comparable sales in May. McDonald's systemwide sales jumped 3.6% in May; while US sales climbed 2.4%. Its global comparable sales declined 1.0% during the first quarter. Equities Trading UP
MGIC Investment MTG shot up 4.95 percent to $6.4228 after the company released May operating statistics. Shares of Monsanto Company MON got a boost, shooting up 4.40 percent to $106.12 after Macquarie upgraded the stock from “neutral” to “outperform.” First Bancorp FBP was also up, gaining 5.36 percent to $6.68 after Sterne Agee upgraded the stock from “neutral” to “buy.” Equities Trading DOWN
Rovi ROVI was down, falling 4.72 percent to $25.26 after the company reported it is working with Broadcom BRCM to enable HEVC playback across multiple screens. Shares of Titan International TWI were down 8.64 percent to $18.92 after William Blair downgraded the stock to “market perform.” Booz Allen Hamilton Holding BAH shares tumbled 3.72 percent to $17.33 on reports of leaked information. Commodities
In commodity news, oil traded down 0.17 percent to $95.87, while gold traded up 0.20 percent to $1,385.80. Silver traded up 0.91 percent Monday to $21.94, while copper fell 1.06 percent to $3.23. Euro zone
European shares were mixed today. The Spanish Ibex Index fell 0.50 percent and the Italian FTSE MIB Index dropped 0.81 percent. Meanwhile, the German DAX climbed 0.67 percent and the French CAC 40 fell 0.24 percent while U.K. shares gained 1.02 percent. Economics
The Investor Movement Index for May will be released today.