Midway through trading Monday, the Dow traded up 0.24 percent to 18,912.55 while the NASDAQ climbed 0.58 percent to 5,352.62. The S&P also rose, gaining 0.49 percent to 2,192.59.
Leading and Lagging Sectors
On Monday, energy shares gained by 2.2 percent. Meanwhile, top gainers in the sector included Resolute Energy Corp REN, and Approach Resources Inc. AREX.
In trading on Monday, healthcare shares rose by just 0.05 percent. Meanwhile, top losers in the sector included Acorda Therapeutics Inc ACOR, down 6 percent, and Henry Schein, Inc. HSIC, down 5 percent.
Top Headline
Lifelock Inc LOCK agreed to be acquired by Symantec Corporation SYMC for $2.3 billion.
Symantec will pay $24 for each LifeLock share, representing a 15.7 percent premium over its closing price on Friday.
Equities Trading UP
Headwaters Inc HW shares shot up 17 percent to $23.47 after Australia's Boral Ltd agreed to buy Headwaters for $2.6 billion.
Shares of Lifelock Inc LOCK got a boost, shooting up 15 percent to $23.90 after the company agreed to be acquired by Symantec for $2.3 billion.
Applied Micro Circuits Corporation AMCC shares were also up, gaining 11 percent to $8.05 after MACOM Technology Solutions Holdings Inc MTSI agreed to buy Applied Micro for about $770 million.
Equities Trading DOWN
Tyson Foods, Inc. TSN shares dropped 14 percent to $57.83 after the company posted downbeat quarterly earnings and reported that its Donnie Smith is stepping down as CEO.
Shares of Live Ventures Inc LIVE were down 9 percent to $2.56. Live Ventures reported Q4 preliminary earnings of $0.30 per share on revenue of $19 million.
Cubic Corporation CUB was down, falling around 10 percent to $44.35. Cubic reported Q4 GAAP loss of $0.29 per share on sales of $406.6 million.
Commodities
In commodity news, oil traded up 3.41 percent to $47.94 while gold traded up 0.42 percent to $1,213.80.
Silver traded down 0.25 percent Monday to $16.68, while copper rose 2.10 percent to $2.53.
Eurozone
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.27 percent, the Spanish Ibex Index rose 0.05 percent, while Italy’s FTSE MIB Index rose 0.36 percent. Meanwhile the German DAX gained 0.10 percent, and the French CAC 40 climbed 0.59 percent while U.K. shares fell 0.05 percent.
Economics
The Chicago Fed National Activity Index rose to -0.08 for October, versus September reading of -0.23.
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