Midway through trading Monday, the Dow traded up 1 percent to 20,754.14 while the NASDAQ climbed 1.08 percent to 5,974.38. The S&P also rose, gaining 0.99 percent to 2,371.89.
Leading and Lagging Sectors
On Monday, the financial sector proved to be a source of strength for the market. Leading the sector was strength from Deutsche Bank AG (USA) DB and Banco Bilbao Vizcaya Argentaria SA (ADR) BBVA.
In trading on Monday, utilities shares fell by 0.14 percent. Meanwhile, top losers in the sector included FirstEnergy Corp. FE, down 1 percent, and NextEra Energy Inc NEE, down 1 percent.
Top Headline
Halliburton Company HAL reported better-than-expected earnings for its first quarter on Monday.
Halliburton posted adjusted earnings of $0.04 per share in the quarter on revenue of $4.28 billion; Analysts were expecting the company to earn $0.03 per share on revenue of $4.26 billion.
Equities Trading UP
Ocean Power Technologies Inc OPTT shares shot up 46 percent to $2.67. On Friday, Ocean Power Technologies reported the deployment of its PB3 PowerBuoy in Japan.
Shares of Real Goods Solar, Inc. RGSE got a boost, shooting up 17 percent to $1.29 after the company issued a business update. RGS Energy expects Q1 sales of $1.96 million, up from $670,000 in the fourth quarter.
C R Bard Inc BCR shares were also up, gaining 21 percent to $305.00 after Becton Dickinson and Co BDX announced plans to acquire the company for $24 billion.
Equities Trading DOWN
CSI Compressco LP CCLP shares dropped 15 percent to $7.93. CSI Compressco lowered its quarterly cash distribution to $0.1875 per outstanding common unit. CSI Compressco is expected to release its Q1 earnings results on Tuesday, May 9, 2017.
Shares of Akari Therapeutics PLC (ADR) AKTX were down around 12 percent to $18.01. Akari Therapeutics disclosed that it demonstrated positive response with Coversin in its Phase 2 PNH trial.
XOMA Corporation XOMA was down, falling around 10 percent to $6.95 after the company reported results from its Phase 2 proof-of-concept study of prolactin inhibition.
Commodities
In commodity news, oil traded down 0.56 percent to $49.34 while gold traded down 1.26 percent to $1,272.80.
Silver traded down 0.51 percent Monday to $17.845, while copper rose 0.08 percent to $2.553.
Eurozone
European shares were higher today. The eurozone’s STOXX 600 gained 2.08 percent, the Spanish Ibex Index rose 3.61 percent, while Italy’s FTSE MIB Index climbed 4.47 percent. Meanwhile the German DAX rose 3.23 percent, and the French CAC 40 slipped 4.22 percent while U.K. shares rose 2.14 percent.
Economics
The Dallas Fed manufacturing business index slipped to 16.80 in April, versus a prior reading of 16.90. Economists expected a reading of 17.00.
Minneapolis Federal Reserve Bank President Neel Kashkari will speak in Claremont, California at 3:15 p.m. ET.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
