Midway through trading Monday, the Dow traded up 0.80 percent
to 17,078.60 while the NASDAQ gained 0.80 percent to 4,450.90.
The S&P also rose, gaining 0.61 percent to 1,979.62.
Leading and Lagging Sectors
Telecommunications services shares jumped around 1.19 percent
in today's trading. Top gainers in the sector included NQ Mobile
), China Unicom (Hong Kong) (NYSE:
), and Partner Communications Company (NASDAQ:
In trading on Monday, utilities shares fell by 0.31 percent.
Top losers in the sector included Exelon (NYSE:
), down 2.3 percent, and NRG Energy (NYSE:
), off 1.6 percent.
Citigroup's quarterly net profit fell to $181 million, or
$0.03 per share, versus a year-ago profit of $4.18 billion, or
$1.34 per share. Its adjusted net profit came in at $3.9 billion,
or $1.24 per share. Its revenue slipped 6% to $19.3 billion from
$20.48 billion. Excluding CVA/DVA, revenue fell 3% to $19.4
billion. However, analysts were estimating earnings of $1.06 per
share on revenue of $18.92 billion.
The bank also announced its plans to pay $7 billion to settle
the ongoing investigation of the Residential Mortgage-Backed
Securities Working Group.
Equities Trading UP
) shares shot up 4.96 percent to $3.49 after the company
positive phase 3 data
Shares of Kandi Technolgies Group (NASDAQ:
) got a boost, shooting up 10.45 percent to $16.26 on report of a
238% rise in EV sales.
) shares were also up, gaining 9.60 percent to $57.01 after Aecom
) announced its
plans to buy
URS for $4 billion in cash and stock.
Equities Trading DOWN
Shares of Harmonic (NASDAQ:
) were down 8.91 percent to $6.50 after the company lowered its
Q2 forecast and issued a weak Q3 guidance.
Riverbed Technology (NASDAQ:
) shares tumbled 5.85 percent to $19.16 after the company
lowered its Q2
GT Advanced Technologies (NASDAQ:
) was down, falling 4.14 percent to $15.39 after cautious
comments by CLSA.
In commodity news,
oil traded down 0.38 percent
to $100.45, while gold traded down 2.10 percent to $1,309.30.
Silver traded down 2.15 percent Monday to $21.00, while copper
fell 0.23 percent to $3.26.
European shares today.
The eurozone's STOXX 600 rose 0.94 percent, the Spanish Ibex
Index surged 0.76 percent, while Italy's FTSE MIB Index climbed
Meanwhile, the German DAX rose 1.14 percent and the French CAC
40 climbed 0.78 percent while UK shares gained 0.99 percent.
The Treasury is set to auction 3-and 6-month bills.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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