Mid-Morning Market Update: US Markets Mixed, BlackBerry To Explore Strategic Alternatives

Following the market opening Monday, the Dow traded down 0.09 percent to 15,411.87 while the NASDAQ gained 0.18 percent to 3,666.56. The S&P also fell, dropping 0.13 percent to 1,689.20.

BlackBerry

reported that its board of directors has formed a special committee to explore strategic alternatives, including sales of assets or a possible sale of the company. BlackBerry shares surged 6.25% to trade at $10.37.

McEwen Mining

shot up 7.46 percent to $2.16 after the company reported Q2 operational results. Shares of BlackBerry

got a boost, shooting up 6.25 percent to $10.37 after the company reported that it was

Celldex Therapeutics

was also up, gaining 4.22 percent to $19.75 after the company reported expansion of Phase 2 ReACT study in recurrent Glioblastoma.

Shares of Tesla Motors

were down 2.91 percent to $148.55 after

the stock from Buy to Neutral. Rambus

shares tumbled 3.63 percent to $8.89 after the company announced

aggregate principal amount of its convertible senior notes. Sysco

was down, falling 3.34 percent to $33.84 after the company reported an

profit.

In commodity news,

to $105.25, while gold traded up 1.79 percent to $1,335.70. Silver traded up 3.91 percent Monday to $21.21, while copper rose 0.06 percent to $3.31.

European shares were

on fears that a new fight was set over a third Greek bailout later this year. The Spanish Ibex Index dropped 0.23 percent and the Italian FTSE MIB Index fell 0.05 percent. Meanwhile, the German DAX dropped 0.21 percent and the French CAC 40 fell 0.34 percent while U.K. shares declined 0.30 percent.

The Treasury is set to auction 3- and 6-month bills. The Treasury monthly budget report for July will be released at 2:00 p.m. ET.