Following the market opening Monday, the Dow traded down 0.22 percent to 17,175.92 while the NASDAQ declined 0.20 percent to 4,738.90. The S&P also fell, dropping 0.38 percent to 2,014.52.
Leading and Lagging Sectors
On Monday, cyclical consumer goods & services shares gained by 0.06 percent. Top gainers in the sector included Starwood Hotels & Resorts Worldwide Inc HOT, Park-Ohio Holdings Corp. PKOH, and Federal-Mogul Holdings Corp FDML.
In trading on Monday, energy shares dipped by 1.50 percent. Meanwhile, top losers in the sector included TravelCenters of America LLC TA, down 17 percent, and Peabody Energy Corporation BTU, down 12 percent.
Top Headline
The Fresh Market Inc TFM agreed be acquired by Apollo Global Management LLC APO for $28.50 per share in cash.
In an approximately $1.4 billion in cash buyout, shareholders are set to receive $28.50 per share. This calculates to an approximately 53 percent premium over the February 10 closing price and an approximately 24 percent premium over last Friday's closing price.
Equities Trading UP
GW Pharmaceuticals PLC- ADR GWPH shares shot up 122 percent to $85.50 after the company reported positive epidiolex results.
Shares of Zynerba Pharmaceuticals Inc ZYNE got a boost, shooting up 56 percent to $13.14. Zynerba reported a Q4 loss of $0.62 per share on revenue of $49,000.
The Fresh Market Inc TFM shares were also up, gaining 24 percent to $28.42 after the company agreed be acquired by Apollo Global Management LLC APO for $28.50 per share in cash.
Equities Trading DOWN
NQ Mobile Inc (ADR) NQ shares dropped 22 percent to $3.64 after the company issued an update on the FL Mobile divestment. NQ Mobile is expected to report Q4 financial results on March 21, 2016.
Shares of Harte Hanks Inc HHS were down 20 percent to $2.93. Harte Hanks entered into a new $110 million credit facility over 5 years.
TravelCenters of America LLC TA was down, falling around 17 percent to $7.89. TravelCenters of America reported a Q4 loss of $0.04 per share on revenue of $1.35 billion.
Commodities
In commodity news, oil traded down 2.91 percent to $37.38, while gold traded down 0.03 percent to $1,259.00.
Silver traded up 0.80 percent Friday to $15.73, while copper rose 0.45 percent to $2.25.
Eurozone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.56 percent, the Spanish Ibex Index rose 0.78 percent, while Italy's FTSE MIB Index fell 0.16 percent. Meanwhile, the German DAX climbed 1.35 percent, and the French CAC 40 surged 0.35 percent, while U.K. shares rose 0.27 percent.
Economics
There were no major US economic releases Monday.
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