Following the market opening Monday, the Dow traded up 0.28
percent to 16,454.65 while the NASDAQ surged 0.36 percent to
4,110.23. The S&P also rose, gaining 0.25 percent to
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 Sarepta Therapeutics (NASDAQ:
) and Momenta Pharmaceuticals (NASDAQ:
). In trading on Monday, basic materials shares were relative
laggards, down on the day by about 0.28 percent.
Top losers in the sector included POSCO (NYSE:
), off 2.7 percent, and Century Aluminum Co (NASDAQ:
), down 2.4 percent.
Top Headline Halliburton (NYSE:
posted a profit
in the first quarter. Halliburton swung to a quarterly profit of
$622 million, or $0.73 per share, versus a year-ago loss of $18
million, or $0.02 per share. Its income from continuing
operations came in at $0.73 per share. Its total revenue climbed
to $7.35 billion versus $6.97 billion. However, analysts were
estimating earnings of $0.72 per share on revenue of $7.26
Equities Trading UP Sarepta Therapeutics (NASDAQ:
) shares shot up 52.70 percent to $37.26 on announcement that it
will file NDA
for Eteplirsen for the treatment of Duchenne Muscular Dystrophy
by the year-end.
Shares of Advanced Micro Devices (NYSE:
) got a boost, shooting up 12.06 percent to $4.14 after the
company reported upbeat quarterly earnings and issued a strong Q2
AstraZeneca PLC (NYSE:
) shares were also up, gaining 5.54 percent to $67.01 on report
of potential acquisition by Pfizer (NYSE:
Equities Trading DOWN Shares of Moneygram International
) were down 9.52 percent to $13.40. JMP Securities downgraded
Moneygram from Market Outperform to Market Perform.
Acacia Research (NASDAQ:
) shares tumbled 6.21 percent to $16.00 after the company
reported weaker-than-expected Q1 results.
) was down, falling 4.46 percent to $139.08 after the company
reported downbeat quarterly results. Morgan Stanley analyst Ricky
R. Goldwasser removed the $133.00 price target on
Commodities In commodity news,
oil traded down 0.14 percent
to $104.15, while gold traded down 0.46 percent to $1,288.00.
Silver traded down 1 percent Monday to $19.40, while copper
fell 0.02 percent to $3.03.
Eurozone Europe's markets
with British, Italian, French and German markets all closed for
Economics The Chicago Fed National Activity Index rose to 0.20
in March, versus a prior reading of 0.14. However, economists
were expecting a reading of 0.20.
The Conference Board's index of leading indicators rose 0.80%
in March, versus economists' expectations for a 0.70% growth.
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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