Mid-Afternoon Market Update: Silver Continues Strong Rally as Sarepta Remains Down

Toward the end of trading Monday, the Dow traded down 0.03 percent to 15,420.36 while the NASDAQ gained 0.27 percent to 3,668.20. The S&P was also down, dropping 0.15 percent to 1,688.34.

Top Headline
BlackBerry BBRY 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.
Equities Trading UP
McEwen Mining MUX shot up 9.20 percent to $2.195 after the company reported Q2 operational results.
Shares of BlackBerry BBRY got a boost, shooting up 11.78 percent to $10.92 after the company reported that it was seeking strategic alternatives.

Silvercorp SVM was up as well, gaining 9.68 percent to $3.40 as silver continued to rally hard on Monday's session.

Equities Trading DOWN
Shares of Tesla Motors TSLA were down 5.30 percent to $144.89 after Lazard Capital Markets downgraded the stock from Buy to Neutral.
Sarepta Therapeutics SRPT was down as well, falling 6.30 percent to $32.70 after the company continued its decline from last week.
Nektar Therapeutics NKTR was down as well, falling 6.05 percent to $11.66 as shares let out some air from the huge rally on Friday.
Commodities
In commodity news, oil traded up 0.17 percent to $106.15, while gold traded up 1.73 percent to $1,334.90.
Silver traded up 4.23 percent Monday to $21.23, while copper rose 0.02 percent to $3.31.

Eurozone
European shares were mostly lower as the euro dropped on fears that a new fight was set over a third Greek bailout later this year. The Spanish Ibex Index dropped 0.22 percent and the Italian FTSE MIB Index rose 0.36 percent. Meanwhile, the German DAX gained 0.20 percent and the French CAC 40 fell 0.12 percent while U.K. shares declined 0.14 percent.

Economics
The Treasury monthly budget report for July will be released at 2:00 p.m. ET.