Mid-Afternoon Market Update: Dow Surges 150 Points; Lendingtree Shares Slide

Toward the end of trading Monday, the Dow traded up 0.87 percent to 17,816.57 while the NASDAQ climbed 1.43 percent to 5,125.84. The S&P also rose, gaining 1.18 percent to 2,103.83.

In trading on Monday, healthcare shares jumped by 1.56 percent. Top gainers in the sector included

, up 29 percent, and

, up 18 percent. In trading on Monday, utilities shares dipped by 0.26 percent. Meanwhile, top losers in the sector included

, down 4 percent, and

, off 4 percent.

reported a rise in its fiscal fourth-quarter profit. The company also agreed to acquire Visa Europe Ltd. in a deal worth up to 21.2 billion euros. The San Francisco, California-based company posted quarterly earnings of $1.51 billion, or $0.62 per share, compared to $1.07 billion, or $0.43 per share, in the year-ago period. Its revenue climbed to $3.57 billion from $3.23 billion. However, analysts were expecting earnings of $0.63 per share on revenue of $3.57 billion. Visa also reported a new $5 billion stock buyback program.

shares shot up 29 percent to $35.44 after the company agreed to be acquired by

for $5.9 billion. Shares of

got a boost, shooting up 31 percent to $30.97 after the company agreed to be acquired by Pamplona Capital Management for $2.7 billion.

shares were also up, gaining 103 percent to $3.56 following announcement of acquisition by TDK Corporation. Hutchinson Tech. also reported a Q4 loss of $0.20 per share on revenue of $63.366 million.

shares tumbled 20 percent to $10.73. Endurance International reported a Q3 loss of $0.12 per share on sales of $188.5 million and announced plans to buy

in a $1.1 billion deal. Shares of

were down 5 percent to $115.43 after the company reported the commencement of a common stock offering.

was down, falling 22 percent to $1.37 after the company reported weaker-than-expected Q3 results.

In commodity news, oil traded down 0.92 percent to $46.16, while gold traded down 0.59 percent to $1,134.70. Silver traded down 0.98 percent Monday to $15.42, while copper fell 0.22 percent to $2.31.

European shares were mostly higher today. The eurozone's STOXX 600 gained 0.34 percent, the Spanish Ibex Index rose 0.55 percent, while Italy's FTSE MIB Index surged 0.18 percent. Meanwhile, the German DAX climbed 0.93 percent, and the French CAC 40 gained 0.38 percent, while U.K. shares rose 0.01 percent.

The final reading of the Markit manufacturing PMI rose to 54.10 in October, versus a prior reading of 54.00. Economists were expecting a reading of 54.00. The ISM manufacturing index slipped to 50.10 in October, versus a previous reading of 50.20. However, economists were projecting a reading of 50.00. US construction spending rose 0.60 percent in September, versus economists' expectations for a 0.50 percent growth.