Mid-Day Market Update: Select Comfort Tumbles On Weak Q4 Outlook; Sirius XM Shares Rise

Top Headline
General Electric Co GE announced its plans to acquire some assets from Thermo Fisher TMO for around $1.06 billion.

Equities Trading UP
Shares of SolarCity SCTY got a boost, shooting up 8.93 percent to $64.56 after Goldman Sachs added the stock to its Conviction Buy list. XPO Logistics XPO shot up 7.06 percent to $30.01 after the company announced its plans to acquire Pacer International PACR in a deal valued at $335 million.

Sirius XM Holdings SIRI was also up, gaining 6.02 percent to $3.79 after Liberty Media LMCA offered to acquire Sirius in a stock swap deal valued at $3.68 per share. Equities Trading DOWN
Shares of Select Comfort SCSS were down 18.74 percent to $17.35 on weak Q4 guidance.

Sarepta Therapeutics SRPT tumbled 11.94 percent to $18.00 after Citigroup downgraded the stock from Neutral to Sell.

Commodities
In commodity news, oil traded down 0.23 percent to $93.74, while gold traded up 0.08 percent to $1,239.60. Silver traded up 0.14 percent Monday to $20.24, while copper fell 0.07 percent to $3.35.

Eurozone
European shares were mixed today. The Spanish Ibex Index rose 0.92 percent, while Italy's FTSE MIB Index surged 0.63 percent. Meanwhile, the German DAX dropped 0.08 percent and the French CAC 40 fell 0.47 percent while U.K. shares climbed 0.01 percent. Economics
The ISM non-manufacturing index declined to53.00 in December, versus a prior reading of 53.90. However, economists were expecting a reading of 54.70.

U.S. factory orders rose 1.80% in November, versus economists' estimates for a 1.70% growth.