Following the market opening Monday, the Dow traded up 0.01% to 26774.00 while the NASDAQ rose 0.72% to 8,147.59. The S&P also rose, gaining 0.49% to 3,000.76.
Leading and Lagging Sectors
Financial shares climbed 1% on Monday. Meanwhile, top gainers in the sector included Sutter Rock Capital Corp. SSSS, up 7%, and Prudential plc PUK, up 5%.
In trading on Monday, health care shares fell 0.2%.
Top Headline
Halliburton Company HAL reported in-line earnings for its third quarter, while sales missed views.
Halliburton reported third-quarter earnings of 34 cents per share, which met the analyst consensus estimate. The company reported quarterly sales of $5.55 billion, which missed the analyst consensus estimate of $5.83 billion.
Equities Trading UP
Petmed Express Inc PETS shares shot up 29% to $25.15 after the company reported better-than-expected Q2 EPS and sales results.
Shares of NF Energy Saving Corporation BIMI surged 26% to $7.08 after the company signed a partnership agreement with Chongqing Shude Pharmaceutical Co., Ltd.
Seattle Genetics, Inc. SGEN shares gained 15% to $100.10 following the release of positive data for the company's HER2CLIMB phase 2 trial.
Equities Trading DOWN
Quaker Chemical Corporation KWR shares tumbled 9% to $145.87 after the company lowered its FY19 adjusted EBITDA guidance from year-over-year growth to down around 2-4%.
Shares of Infosys Limited INFY were down 14% to $9.13 after a whistle blower alleged the company is engaging in unethical practices to strengthen financial reports.
Micro Focus International plc MFGP was down, falling 13% to $13.27.
Commodities
In commodity news, oil traded down 0.7% to $53.41, while gold traded up 0.1% to $1,494.50.
Silver traded up 0.9% Monday to $17.73, while copper rose 0.6% to $2.6505.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 rose 0.4%, the Spanish Ibex Index rose 0.5%, while Italy’s FTSE MIB Index climbed 0.4%. Meanwhile, the German DAX gained 0.7%, and the French CAC 40 rose 0.2% while UK shares rose 0.2%
Economics
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
Federal Reserve Member of the Board of Governors Michelle Bowman is set to speak in Frankfurt, Germany at 11:40 a.m. ET.
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