Mid-Afternoon Market Update: Dow Down 75 Points; Insperity Shares Rise After Q4 Results

Toward the end of trading Monday, the Dow traded down 0.30 percent to 25,032.08 while the NASDAQ climbed 0.04 percent to 7,300.89. The S&P also fell, dropping 0.04 percent to 2,706.90.

Leading and Lagging Sectors

Monday afternoon, the industrial shares climbed 0.4 percent. Meanwhile, top gainers in the sector included Insperity Inc NSP up 16 percent, and US Xpress Enterprises Inc USX up 6 percent.

In trading on Monday, health care shares fell 0.3 percent.

Top Headline

Restaurant Brands International Inc QSR reported stronger-than-expected results for its fourth quarter.

Restaurant Brands earned $0.68 cents per share in the fourth quarter on revenue of $1.385 billion. However, analysts were expecting the company to earn $0.56 per share on revenue of $1.15 billion.

Equities Trading UP

Nemaura Medical Inc NMRD shares got a boost, shooting up 19 percent to $1.23 on over 7x avg volume after the company announced Dr. Schaebsdau would lead the strategy and business development and advance the company's commercial strategy for its planned launch of the SugerBEAT.

Shares of Spi Energy Co Ltd SPI shot up 43 percent to $3.87 after Nasdaq granted the company's request for continued listing.

Insperity, Inc. NSP shares were also up, gaining 16 percent to $128.28 after the company reported upbeat Q4 results and issued strong earnings forecast.

Equities Trading DOWN

Kopin Corporation KOPN shares dropped 16 percent to $1.10 following news of a $20 million at-the-market equity offering.

Shares of Auris Medical Holding AG EARS were down 15 percent to $0.37 after the company announced that Nasdaq informed the company that it did not meet Nasdaq's deadline to regain compliance with Nasdaq listing rules.

Avaya Holdings Corp. AVYA was down, falling around 10 percent to $15.96 after the company reported Q1 sales of $748 million down from $775 million year over year and GAAP net income of $9 million. The company said it expects Q2 sales of $740 million to $765 million versus the $761 million estimate.

Commodities

In commodity news, oil traded down 0.27 percent to $52.58 while gold traded down 0.44 percent to $1,312.70.

Silver traded down 0.66 percent Monday to $15.705, while copper fell 0.82 percent to $2.7875.

Eurozone

European shares closed higher today. The eurozone’s STOXX 600 climbed 0.85 percent, the Spanish Ibex Index rose 0.9 percent, while Italy’s FTSE MIB Index surged 1.21 percent. Meanwhile the German DAX climbed 0.99 percent, and the French CAC 40 surged 1.06 percent while U.K. shares rose 0.82 percent.

Economics

On the economics calendar Monday, there is no important data due out.