Midway through trading Monday, the Dow traded up 0.57 percent
to 16,416.76 while the NASDAQ surged 1.01 percent to 4,197.81.
The S&P also rose, gaining 0.63 percent to 1,869.26.
Leading and Lagging Sectors Monday morning, the healthcare
sector proved to be a source of strength for the market. Leading
the sector was strength from Nordion (NYSE:
) and Insmed (NASDAQ:
Energy shares dropped by 0.26 percent in the US market today.
Among the sector stocks, Endeavour International (NYSE:
) was down more than 5.6 percent, while Pacific Ethanol (NASDAQ:
) tumbled around 2.2 percent.
Top Headline UTi Worldwide (NASDAQ:
) reported a wider-than-expected fourth-quarter loss. UTi
Worldwide posted a quarterly net loss of $50.7 million, or $0.48
per share, versus a year-ago loss of $142.8 million, or $1.38 per
Excluding items, UTi lost $0.15 per share. Its revenue slipped
2.1% to $1.08 billion. However, analysts were estimating a loss
of $0.11 per share on revenue of $1.09 billion.
Equities Trading UP Nordion (NYSE:
) shares shot up 11 percent to $11.56 after the company agreed to
be acquired by Sterigenics for $11.75 per share.
Shares of Cal-Maine Foods (NASDAQ:
) got a boost, shooting up 8.61 percent to $62.46 after the
company reported a rise in its fiscal third-quarter profit.
ING Groep NV (NYSE:
) was also up, gaining 3.35 percent to $14.18 after the company
announced its plans to resume paying dividends in 2015.
Equities Trading DOWN Shares of GenCorp (NYSE:
) were down 3.97 percent to $17.86 after the company reported Q1
results. GenCorp reported a Q1 loss of $0.03 per share.
) shares tumbled 2.41 percent to $8.21 after falling 7.07% on
Friday. Analysts at Credit Suisse downgraded BlackBerry from
neutral to underperform and lowered the target price from $7 to
UTi Worldwide (NASDAQ:
) was down, falling 9.86 percent to $10.15 after the company
Commodities In commodity news,
oil traded down 0.56 percent
to $101.10, while gold traded down 0.44 percent to $1,288.60.
Silver traded up 0.03 percent Monday to $19.80, while copper fell
0.54 percent to $3.03.
Eurozone European shares
today. The German DAX declined 0.34 percent, the French CAC 40
fell 0.45 percent and U.K. shares dropped 0.02 percent.
Economics US Chicago PMI fell to 55.90 in March, versus a
prior reading of 59.80. However, economists were expecting a
reading of 59.00. The Dallas Fed general business activity index
rose to 4.90 in March, versus a prior reading of 0.30. However,
economists were expecting a reading of 3.00.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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