Toward the end of trading Monday, the Dow traded down 0.17
percent to 16,442.56 while the NASDAQ declined 0.39 percent to
4,115.83. The S&P also fell, dropping 0.18 percent to
Top Headline General Electric Co (NYSE:
) announced its plans to
acquire some assets
from Thermo Fisher (NYSE:
) for around $1.06 billion.
Thermo Fisher will sell its cell culture, gene modulation and
magnetic beads businesses to GE Healthcare. The deal is expected
to close early this year.
Equities Trading UP Shares of SolarCity (NASDAQ:
) got a boost, shooting up 8.05 percent to $64.00 after Goldman
Sachs added the stock to its Conviction Buy list.
) was also on the rise, appreciating 14.97 percent to $31.69
following an announcement that the company had launched in-car
ads and some positive listening hour data for the month of
Sirius XM Holdings (NASDAQ:
) was also up, gaining 7.28 percent to $3.84 on nearly 400
million shares after Liberty Media (NASDAQ:
offered to acquire
Sirius in a stock swap deal valued at $3.68 per share.
Equities Trading DOWN Shares of Select Comfort (NASDAQ:
) were down 20.46 percent to $16.98 on weak Q4 guidance.
Office Depot (NYSE:
) was down as well, dropping 7.22 percent to $4.88 after heavier
put volume appeared to be making traders skittish on the
First Solar (NASDAQ:
) was down, falling 9.18 percent to $51.50 after Goldman Sachs
downgraded the stock from Buy to Sell.
Commodities In commodity news, oil traded down 0.30 percent to
$93.68, while gold traded down 0.08 percent to $1,237.60.
Silver traded down 0.05 percent Monday to $20.20, while copper
rose 0.15 percent to $3.36.
Eurozone European shares were mixed today. The Spanish Ibex
Index rose 0.92 percent, while Italy's FTSE MIB Index surged 0.63
percent. Meanwhile, the German DAX dropped 0.08 percent and the
French CAC 40 fell 0.47 percent while U.K. shares climbed 0.01
Economics The ISM non-manufacturing index declined to53.00 in
December, versus a prior reading of 53.90. However, economists
were expecting a reading of 54.70.
U.S. factory orders rose 1.80% in November, versus economists'
estimates for a 1.70% growth.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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