Mid-Day Market Update: Terex Tumbles On Weak Forecast, Netflix Spikes Higher

Midway through trading Monday, the Dow traded up 1.08 percent to 15,233.28 while the NASDAQ surged 1.18 percent to 3,463.90. The S&P also rose, gaining 0.99 percent to 1,642.83.

Time Warner's

Man of Steel, the relaunch of the Superman movie series, became the second-most successful movie of the year after the film made $113 million in its first weekend, behind only Iron Man 3.

DreamWorks Animation SKG

shot up 4.38 percent to $23.81 after Netflix

signed a multi-year deal with the company. Shares of Weyerhaeuser Co

got a boost, shooting up 2.19 percent to $28.91 after the company announced a public offering of 28,000,000 of its common shares. The company also announced its plans to buy Longview Timber LLC from affiliates of Brookfield Asset Management

. Netflix

was also up, gaining 6.88 percent to $228.72 after the company signed a multi-year deal with DreamWorks Animation.

Terex

was down, falling 8.19 percent to $29.14 after the company lowered its FY13 earnings view. Shares of Rexnord

were down 5.13 percent to $17.00 after the company launched a public offering of 11 million shares of its common stock by selling stockholder. ARM Holdings plc

shares tumbled 2.82 percent to $39.33 after Numis downgraded the stock from “hold” to “reduce.”

In commodity news, oil traded up 0.26 percent to $98.10, while gold traded down 0.31 percent to $1,383.30. Silver traded down 0.88 percent Monday to $21.76, while copper fell 0.01 percent to $3.20.

European shares were higher today. The Spanish Ibex Index rose 0.81 percent and the Italian FTSE MIB Index gained 0.26 percent. Meanwhile, the German DAX climbed 1.08 percent and the French CAC 40 gained 1.54 percent while U.K. shares rose 0.41 percent.

The Empire State manufacturing index surged to 7.8 in June, versus negative 1.4 in the earlier month. The NAHB builder-confidence index surged to 52 in June, versus 44 in May. However, economists were estimating the builder-sentiment index to increase to 45.