Toward the end of trading Monday, the Dow traded down 0.03
percent to 15,349.64, while the NASDAQ rose 0.01 percent to
3,499.69. The S&P was also up, gaining 0.02 percent to
Top Headline Yahoo! (NASDAQ:
) announced its plans to acquire blogging network Tumblr for
roughly $1.1 billion. The acquisition has received a mixed
response on today's session as traders decide whether the
aggressive move was a smart one.
Equities Trading UP Websense (NASDAQ:
) shot up, gaining 28.71 percent to $24.75, after the company
entered into a definitive agreement to be bought by Vista Equity
Shares of McEwen Mining (NYSE:
) were also on the rise, gaining 15.31 percent to $2.26 after the
company announced it would expand production at its El Gallo mine
) was up as well, rising 10.74 percent to $7.22 following an
influential Seeking Alpha article this morning.
Equities Trading DOWN Team (NYSE:
) was down, falling 17.01 percent to $35.06, after the company
cut its Q4 earnings forecast.
Alaska Air Group (NYSE:
) was down as well, falling 8.89 percent to $59.41 after the
company's flight attendants rallied for a contract.
Shares of Red Hat (NYSE:
) was down 4.34 percent to $52.61 after BMO Capital Markets
downgraded the stock from "outperform" to "market perform."
Commodities In commodity news, oil traded up 0.74 percent to
$97.00, while gold rose1.74 percent to $1,388.80. Silver traded
up 2.85 percent Monday to $22.89, while copper rose 0.83 percent
Eurozone European shares were mixed today. The Spanish Ibex
Index fell 0.78 percent and the Italian FTSE MIB Index dropped
0.56 percent. Meanwhile, the German DAX rose 0.69 percent and the
French CAC 40 rose 0.54 percent while U.K. shares added 1.01
Economics The Chicago Fed's national activity index declined
to negative 0.53 in April, versus negative 0.23 in March. Chicago
Fed President Charles Evans will speak along with a three and six
month bill auction.
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