Toward the end of trading Monday, the Dow traded down 0.48
percent to 14,452.18 while the NASDAQ dropped 0.33 percent to
3,234.06. The S&P also fell, dropping 0.38 percent to
Index Technicals: The S&P 500 looks to be showing support
at 1,545, with overhead resistance at 1,562.
The Dow is showing support at the 14,400 level, while holding
its overhead resistance at 14,550.
The NASDAQ has support at 3,220 and resistance at 3,260.
Finally, the Russell is holding resistance at the 952 level,
while 940 acting as support below that.
Top Headline Dollar General (NYSE:
) reported a rise in its fourth-quarter earnings.
Dollar General's quarterly earnings rose to $317 million, or
$0.97 per share, from $293 million, or $0.85 per share, in the
year-ago period. However, analysts were expecting a profit of
$0.90 per share.
Its net sales gained 0.5% to $4.21 billion from $4.19 billion,
while same-store sales climbed 3%.
Equities Trading UP Apollo Group (NASDAQ:
) shot up 6.34 percent to $18.12 after the company reported
upbeat Q2 results.
Shares of Veeco Instruments (NASDAQ:
) got a boost, shooting up 7.92 percent to $37.73 after analysts
at Canaccord Genuity upgraded the stock from "sell" to "buy."
Array BioPharma (NASDAQ:
) was also up, gaining 7.23 percent to $4.60 after analysts at
Piper Jaffray upgraded the stock from "neutral" to
Equities Trading DOWN Idenix Pharmaceuticals (NASDAQ:
) shares tumbled 19.35 percent to $3.71 after the company lost
its first phase of a patent dispute with Gilead Sciences (NASDAQ:
) was also down, falling 4.23 percent to $14.28 after analysts at
Goldman Sachs downgraded the stock from "buy" to "neutral."
Shares of VirnetX Holding (NYSE:
) were down as well, dropping 8.37 percent to $20.06 after a
rumor of an Apple (NASDAQ:
) appeal from its litigation last week.
Commodities In commodity news, oil traded up 1.23 percent to
$94.86, while gold traded down 0.63 percent to $1,596.10.
Silver traded up 0.31 percent Monday to $28.83, while copper
fell 0.43 percent to $3.45.
Eurozone European shares were lower today. The Spanish Ibex
Index tumbled 1.88 percent and the Italian FTSE MIB Index dropped
2.09 percent. The STOXX Europe 600 Index dropped 0.03 percent,
London's FTSE 100 Index fell 0.12 percent, French CAC 40 Index
declined 0.80 percent and German DAX 30 index dropped 0.22
Economics The Chicago Fed National Activity Index climbed to
+0.44 in February, versus a revised reading of -0.49 in
The Dallas Fed general business activity index surged to 7.4
in March, versus 2.2 in February. New York Fed President William
Dudley is set to speak at the Economic Club of New York and
Chairman Ben Bernanke is set to speak alongside Bank of England
Governor Mervyn King at the London School of Economics on lessons
learned from the crisis.
(c) 2013 Benzinga.com. Benzinga does not provide investment
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