Toward the end of trading Monday, the Dow traded up 0.17
percent to 16,541.91 while the NASDAQ gained 0.34 percent to
4,137.05. The S&P also rose, surging 0.20 percent to
Leading and Lagging Sectors Utilities shares surged around
0.52 percent in Monday trading. Leading the sector was strength
from Pampa Energia SA (NYSE:
) and Pampa Energia SA (NYSE:
). In trading on Monday, financial shares were relative laggards,
down on the day by about 0.41 percent.
Top losers in the sector included Crawford & Company
), Transcontinental Realty Investors (NYSE:
), and E-House (China) Holdings (NYSE:
Top Headline Pfizer (NYSE:
first-quarter revenue. Pfizer's quarterly profit slipped to $2.33
billion, or $0.36 per share, versus a year-ago profit of $2.75
billion, or $0.38 per share. Its adjusted earnings climbed 12% to
$0.57 per share from $0.51 per share. Its revenue declined 9% to
$11.35 billion versus $12.41 billion. However, analysts were
estimating earnings of $0.55 per share on revenue of $12.04
Equities Trading UP B/E Aerospace (NASDAQ:
) shares shot up 10.50 percent to $98.29 after the company
reported that it is exploring strategic alternatives for the
Shares of Nordion (NYSE:
) got a boost, shooting up 6.65 percent to $12.35 after
lifted its offer price
for Nordion to $758 million.
King Digital (NYSE:
) was also on the rise, gaining 7.92 percent to $18.95 after the
company caught a wave of positive sentiment from a series of
positive analyst initiations.
Equities Trading DOWN Shares of BroadSoft (NASDAQ:
) were 20.02 percent to $20.00 after the company reported
downbeat quarterly earnings and issued a weak Q2 profit
Tyson Foods (NYSE:
) was also down, falling 9.92 percent to $38.42 after the
company's guidance worried the street.
Trex Co (NYSE:
) was down, falling 9.84 percent to $71.60 after the company
reported Q1 results. The company reported its Q1 net income of
$12.3 million, or $0.73 per share.
Commodities In commodity news,
oil traded down 0.19 percent
to $99.57, while gold traded up 0.53 percent to $1,309.20.
Silver traded up 0.52 percent Monday to $19.59, while copper
fell 0.54 percent to $3.05.
Eurozone European shares
were mostly lower
The eurozone's STOXX 600 slipped 0.26 percent, the Spanish
Ibex Index rose 0.02 percent, while Italy's FTSE MIB Index
declined 0.65 percent.
Meanwhile, the German DAX tumbled 0.28 percent and the French
CAC 40 gained 0.10 percent.
Economics The final reading of Markit PMI services index rose
to 55.00 in April, versus a prior reading of 54.20. However,
economists were expecting a reading of 54.50.
The ISM non-manufacturing index gained to 55.20 in April,
versus a prior reading of 53.10. However, economists were
projecting a reading of 54.10.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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