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Midway through trading Monday, the Dow traded up 0.08 percent to 25,332.45 while the NASDAQ climbed 0.57 percent to 7,883.57. The S&P also rose, gaining 0.28 percent to 2,841.34.
Leading and Lagging Sectors
On Monday, the information technology shares rose 0.85 percent. Meanwhile, top gainers in the sector included Diebold Nixdorf, Incorporated (NYSE:DBD) up 9 percent, and Altair Engineering Inc. (NASDAQ:ALTR) up 9 percent.
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In trading on Monday, consumer staples shares fell 0.25 percent.
Top Headline
SYSCO Corporation (NYSE:SYY) reported better-than-expected earnings for its fourth quarter on Monday.
Earnings came in at 94 cents per share, beating estimates of 93 cents. Sales came in at $15.32 billion, beating estimates of $15.28 billion.
Equities Trading UP
Ability Inc. (NASDAQ:ABIL) shares shot up 65 percent to $7.58.
Shares of Nielsen Holdings plc (NYSE:NLSN) got a boost, shooting up 9 percent to $23.93. The WSJ first reported activist investment firm Elliott Management acquired an 8-percent stake in the measurement and data analytics company and plans to push management to explore a sale of itself.
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Diebold Nixdorf, Incorporated (NYSE:DBD) shares were also up, gaining 8 percent to $4.28 after the company increased its total ownership in Diebold Nixdorf AG to 90%.
Equities Trading DOWN
Dycom Industries, Inc. (NYSE:DY) shares dropped 22 percent to $70.01 after the company lowered its outlook for the second quarter and FY19.
Shares of Bright Scholar Education Holdings Limited (NYSE:BEDU) were down 23 percent to $11.2038 after Chinese regulators drafted legislation limiting acquisition abilities of private schools.
Hugoton Royalty Trust (NYSE:HGT) was down, falling around 41 percent to $0.36 after the company announced voluntary delisting from NYSE after August 24.
Commodities
In commodity news, oil traded down 0.34 percent to $67.40 while gold traded down 1.11 percent to $1,205.50.
Silver traded down 0.65 percent Monday to $15.195, while copper rose 0.33 to $2.7515.
Eurozone
European shares were mostly lower today. The eurozone’s STOXX 600 declined 0.16 percent, the Spanish Ibex Index fell 0.62 percent, while Italy’s FTSE MIB Index declined 0.33 percent. Meanwhile the German DAX dropped 0.38 percent, and the French CAC 40 rose 0.10 percent while U.K. shares fell 0.26 percent.
Economics
On the economics calendar Monday, there is no important data due out.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.