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Following the market opening Monday, the Dow traded up 0.11% to 27185.42 while the NASDAQ rose 0.64% to 8198.78. The S&P also rose, gaining 0.27% to 2,984.66.
Leading and Lagging Sectors
Information technology shares rose 1.2% on Monday. Meanwhile, top gainers in the sector included Camtek Ltd. (NASDAQ:CAMT), up 7%, and Axcelis Technologies, Inc. (NASDAQ:ACLS), up 4%.
In trading on Monday, utilities shares fell 0.5%.
Top Headline
Halliburton Company (NYSE:HAL) reported upbeat earnings for its second quarter, while sales missed views.
Halliburton reported second quarter earnings of $0.35 per share, which beat the analyst consensus estimate of $0.30 per share. The company reported quarterly sales of $5.93 billion, versus the analyst consensus estimate of $5.97 billion.
Equities Trading UP
Taronis Technologies Inc (NASDAQ:TRNX) shares shot up 56% to $0.49 after the company received a $165 million purchase contract.
Shares of Condor Hospitality Trust Inc (NYSE:CDOR) got a boost, shooting up 33% to $10.96 following an announcement that the company will be acquired by NexPoint Hospitality Trust for $318 million.
Peak Resorts Inc (NASDAQ:SKIS) shares were also up, gaining 113% to $10.85 after the company agreed to be acquired by Vail Resorts, Inc. (NYSE:MTN) for $11 per share in cash.
Equities Trading DOWN
Intec Pharma Ltd. (NASDAQ:NTEC) shares tumbled 84% to $0.4651 after the company announced its Phase 3 trial of Accordion Pill-Carbidopa/Levodopa in advanced parkinson's disease patients did not meet its target endpoints.
Shares of Salarius Pharmaceuticals Inc. (NASDAQ:SLRX) were down 35% to $9.99. Salarius Pharmaceuticals enrolled first patient in Phase 1 clinical study of novel inhibitor targeting epigenetics in patients with advanced solid tumors.
Cadence Bancorporation (NYSE:CADE) was down, falling 19% to $15.86 after the company reported Q2 EPS down from last year.
Commodities
In commodity news, oil traded up 1.1% to $56.22, while gold traded down 0.1% to $1,426.40.
Silver traded up 1.3% Monday to $16.41, while copper fell 0.8% to $2.731.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 gained 0.1%, the Spanish Ibex Index rose 0.1%, while Italy’s FTSE MIB Index climbed 0.2%. Meanwhile, the German DAX gained 0.3%, and the French CAC 40 rose 0.2% while UK shares rose 0.3%.
Economics
The Chicago Fed National Activity Index rose to a reading of -0.02 in June, versus a revised reading of -0.03 in the prior month.
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The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
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.
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