Toward the end of trading Monday, the Dow traded down 0.02
percent to 16,061.22 while the NASDAQ gained 0.01 percent to
3,991.52. The S&P also fell, dropping 0.19 percent to
Top Headline Wal-Mart Stores (NYSE:
) announced the
retirement of its president
and chief executive Mike Duke.
Wal-Mart appointed Doug McMillon, head of international
operations, as its new president and CEO, effective February
Equities Trading UP Giant Interactive Group (NYSE:
) shot up 12.29 percent to $11.36 after the company received a
to acquire the company for $11.75 per share.
Shares of Orexigen Therapeutics (NASDAQ:
) got a boost, shooting up 8.63 percent to $6.17 after the
of the interim analysis of the Light Study.
) was also up, gaining 6.59 percent to $10.11 after
Bank of America
initiated coverage on the stock with a Buy rating and a $13.00
Equities Trading DOWN Shares of The ADT (NYSE:
) were down 5.93 percent to $41.41 after the company
announced the repurchase
of 10.24 million shares held by Corvex at $44.01 per share.
Celldex Therapeutics (NASDAQ:
) shares tumbled 9.36 percent to $25.66 after the company
reported rindopepimut data in patients with recurrent
) was also down, falling 6.64 percent to $58.24 as the market
sold off a wide array of momentum stocks on Monday's session.
Commodities In commodity news, to $94.17, while gold traded up
0.43 percent to $1,249.60.
Silver traded up 0.90 percent Monday to $20.062, while copper
rose 0.48 percent to $3.23.
Eurozone European shares today. The Spanish Ibex Index rose
0.06 percent, while Italy's FTSE MIB Index declined 0.34 percent.
Meanwhile, the German DAX surged 0.89 percent and the French CAC
40 jumped 0.55 percent while U.K. shares rose 0.34 percent.
Economics The pending home sales index declined 0.6% to 102.1
The Dallas Fed general business activity index fell to 1.90 in
November, versus a prior reading of 3.60. However, economists
were expecting a reading of 5.00.
The Treasury is set to auction 2-year notes.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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