Following the market opening Monday, the Dow traded down 0.39
percent to 17,034.41 while the NASDAQ declined 0.31 percent to
4,418.30. The S&P also fell, dropping 0.30 percent to
Leading and Lagging Sectors
Technology shares fell by just 0.12 percent in Monday's
trading. Top gainers in the sector included Extreme Networks
), up 12 percent, and Glu Mobile (NASDAQ:
), up 9 percent.
In trading on Monday, telecommunications services shares were
relative laggards, down on the day by about 0.43 percent. Top
decliners in the sector included Mobile Telesystems OJSC (NYSE:
), down 3.9 percent, and America Movil S.A.B. de C.V. (NYSE:
), off 2.1 percent.
) reported a
gain in its second-quarter
The Houston, Texas-based company's quarterly income from
continuing operations rose to $776 million, or $0.91 per share,
up from $642 million, or $0.69 per share in the year-ago
Its total revenue surged to $8.1 billion, from $7.3 billion.
Its operating income surged to $1.2 billion from $984 million in
the year-ago quarter. However, analysts were expecting earnings
of $0.91 per share on revenue of $7.88 billion.
Equities Trading UP
Steel Dynamics (NASDAQ:
) shares shot up 6.94 percent to $19.87 after the company
announced its plans to acquire Severstal Columbus LLC from OAO
Shares of EMC (NYSE:
) got a boost, shooting up 4.63 percent to $28.23. Elliott
Management plans to spin-off EMC's VMware, the Wall Street
Halliburton Company (NYSE:
) shares were also up, gaining 1.07 percent to $71.69 after the
company reported upbeat Q2 revenue and raised its share
repurchase program to $6 billion versus $5 billion.
Equities Trading DOWN
Shares of EZCORP (NASDAQ:
) were down 9.26 percent to $10.09 after the company named CFO
Mark Kuchenrither as interim CEO and President.
Six Flags Entertainment (NYSE:
) shares tumbled 6.95 percent to $38.15 on downbeat Q2 revenue.
The company posted a quarterly profit of $85.3 million, or $0.67
per share, versus a year-ago profit of $47.4 million, or $0.47
) was down, falling 3.86 percent to $37.40 after the company
reported weaker-than-expected second-quarter earnings.
In commodity news,
oil traded up 0.58 percent
to $103.73, while gold traded up 0.26 percent to $1,314.40.
Silver traded up 0.50 percent Monday to $20.99, while copper
rose 0.53 percent to $3.20.
today. The eurozone's STOXX 600 fell 0.59 percent, the Spanish
Ibex Index dropped 0.62 percent, while Italy's FTSE MIB Index
dipped 1.5 percent. Meanwhile, the German DAX declined 1.06
percent and the French CAC 40 tumbled 0.58 percent while UK
shares fell 0.41 percent.
The Chicago Fed National Activity Index fell to 0.12 in June
versus 0.16 in May.
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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