Mid-Day Market Update: Dow Jumps 150 Points; Juniper Shares Drop On Weak Forecast

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Midway through trading Tuesday, the Dow traded up 0.86 percent to 17,706.80 while the NASDAQ climbed 0.59 percent to 4,862.34. The S&P also rose, gaining 0.76 percent to 2,057.43.
Leading and Lagging Sectors
On Tuesday, energy shares gained by 1.97 percent. Meanwhile, top gainers in the sector included
Chesapeake Energy CorporationCHK
, up 26 percent, and
Cloud Peak Energy Inc.CLD
, up 13 percent. In trading on Tuesday, technology shares rose by just 0.1 percent. Meanwhile, top losers in the sector included
Juniper Networks, Inc.JNPR
, down 9 percent, and
NeoPhotonics CorpNPTN
, down 5 percent.
Top Headline Alcoa Inc AA
reported better-than-expected earnings for the first quarter on Monday, but the company missed analysts' sales estimates. The lightweight metals manufacturer posted first quarter earnings of $0.07 per share, $0.05 above the Street's consensus, on revenue of $4.95 billion, which missed the already-low expectations by $190 million.
Equities Trading UP Arena Pharmaceuticals, Inc.ARNA
shares shot up 7 percent to $1.96 after the company reported favorable results from Phase 1b trial of APD371. Shares of
Helix Energy Solutions Group IncHLX
got a boost, shooting up 7 percent to $6.33. Credit Suisse upgraded Helix Energy Solutions from Neutral to Outperform and raised the price target from $5.00 to $10.00.
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Nomura Holdings, Inc. (ADR)NMR
shares were also up, gaining 9 percent to $4.48 following reports the company is planning to cut jobs in North America. Bloomberg, citing "people with knowledge of the matter," reported that a head count reduction follows similar moves by Credit Suisse and Deutsche Bank. .
Equities Trading DOWN Horizon Pharma PLCHZNP
shares dropped 23 percent to $13.99. Horizon Pharma has requested an approval for 16 million buyback. The company expects FY16 revenue of $1.025 billion to $1.05 billion and adjusted EBITDA of $505 million to $520 million. Shares of
T2 Biosystems IncTTOO
were down 11 percent to $9.42. T2 Biosystems reported preliminary Q1 revenue of $1 million.
Juniper Networks, Inc.JNPR
was down, falling around 9 percent to $22.62 after the company lowered its forecast for the first quarter. The company expects adjusted Q1 earnings of $0.35 to $0.37 per share on revenue of $1.09 billion to $1.1 billion.
Commodities
In commodity news, oil traded up 1.83 percent to $41.10 while gold traded down 0.16 percent to $1,256.00. Silver traded up 0.53 percent Tuesday to $16.06, while copper rose 1.51 percent to $2.12.
Eurozone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.28 percent, the Spanish Ibex Index rose 0.05 percent, while Italy's FTSE MIB Index fell 2.22 percent. Meanwhile, the German DAX climbed 0.43 percent, and the French CAC 40 gained 0.49 percent, while U.K. shares rose 0.47 percent.
Economics
U.S. import prices rose 0.20 percent for March, versus economists' expectations for a 1.00 percent growth. Export prices were unchanged for the month, versus economists' expectations for a 0.20 percent gain.
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