Following the market opening Monday, the Dow traded down 0.55
percent to 16,422.68 while the NASDAQ tumbled 0.32 percent to
4,110.75. The S&P also fell, dropping 0.40 percent to
Leading and Lagging Sectors Utilities shares surged around
0.19 percent in Monday trading. Leading the sector was strength
from Northwest Natural Gas Company (NYSE:
) and Companhia Paranaense de Energia (NYSE:
). In trading on Monday, financial shares were relative laggards,
down on the day by about 0.78 percent.
Top losers in the sector included Crawford & Company
), Alto Palermo SA (NASDAQ:
), 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 11.27 percent to $98.99 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.
) shares were also up, gaining 8.93 percent to $31.48 after the
company reported better-than-expected Q1 results.
Equities Trading DOWN Shares of BroadSoft (NASDAQ:
) were 23.24 percent to $19.19 after the company reported
downbeat quarterly earnings and issued a weak Q2 profit
Realogy Holdings (NYSE:
) shares tumbled 11.91 percent to $37.58 on Q1 results. Realogy
Holdings posted a quarterly net loss of $46 million.
Trex Co (NYSE:
) was down, falling 5.69 percent to $74.89 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 0.11 percent
to $99.65, while gold traded up 0.87 percent to $1,314.30.
Silver traded up 0.74 percent Monday to $19.69, while copper
fell 0.28 percent to $3.06.
Eurozone European shares
The eurozone's STOXX 600 slipped 0.79 percent, the Spanish
Ibex Index fell 0.87 percent, while Italy's FTSE MIB Index
declined 1.32 percent.
Meanwhile, the German DAX tumbled 1.33 percent and the French
CAC 40 tumbled 1.01 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.
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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