Midway through trading Monday, the Dow traded down 0.47
percent to 15,002.26 while the NASDAQ declined 0.50 percent to
3,788.59. The S&P also fell, dropping 0.40 percent to
Top Headline Time Warner Cable (NYSE:
) agreed to
Communications LLC for $600 million in cash.
The deal is likely to close in the first quarter of 2014.
Equities Trading UP Outerwall (NASDAQ:
) shot up 4.90 percent to $59.90 after Jana Partners LLC
disclosed a major stake in the company.
Shares of Donegal Group (NASDAQ:
) got a boost, shooting up 13.61 percent to $22.70 after
offered $33-$37 per share for Donegal Group.
) was also up, gaining 1.84 percent to $491.89 after
the stock from Hold to Buy and lifted its price target from $425
Equities Trading DOWN Shares of Liquidity Services (NASDAQ:
) were down 10.07 percent to $29.47 after Bank of America
downgraded the stock from Buy to Underperform.
) shares tumbled 5.29 percent to $3.58. DryShips launched ATM
equity offering with Evercore group.
Cooper Tire & Rubber Co (NYSE:
) was down, falling 11.89 percent to $26.00 on court filing.
Commodities In commodity news,
oil traded down 0.49 percent
to $103.33, while gold traded up 0.96 percent to $1,322.50.
Silver traded up 2.73 percent Monday to $22.35, while copper
fell 0.09 percent to $3.30.
Eurozone European shares
were mostly lower
today. The Spanish Ibex Index fell 0.41 percent, while Italy's
FTSE MIB Index surged 0.66 percent. Meanwhile, the German DAX
fell 0.36 percent and the French CAC 40 rose 0.03 percent while
U.K. shares dropped 0.26 percent.
Economics Data on consumer credit for August will be released
at 3:00 p.m. ET.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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