Midway through trading Monday, the Dow traded up 0.20 percent
to 15,385.64, while the NASDAQ rose 0.28 percent to 3,508.69. The
S&P was also up, gaining 0.29 percent to 1,672.29.
Top Headline Yahoo! (NASDAQ:
) announced its plans to acquire blogging network Tumblr for
around $1.1 billion.
Equities Trading UP Websense (NASDAQ:
) shot up, gaining 28.58 percent to $24.73, after the company
entered into a definitive agreement to be bought by Vista Equity
Pactera Technology International (NASDAQ:
) was also up 31.18 percent to $6.90, after the company announced
receipt of going private proposal.
E-Commerce China Dangdang (NYSE:
) got a boost, shooting up 15.24 percent to $6.58 after Morgan
Stanley upgraded the stock from "equal-weight" to
Equities Trading DOWN Team (NYSE:
) was down, falling 16.94 percent to $35.09, after the company
cut its Q4 earnings forecast.
Raven Industries (NASDAQ:
) shares tumbled 8.02 percent to $31.67 on fiscal 2014
Red Hat (NYSE:
) was down 3.98 percent to $52.80 after BMO Capital Markets
downgraded the stock from "outperform" to "market perform."
Commodities In commodity news, oil traded up 0.79 percent to
$96.78, while gold dropped 0.07 percent to $1,363.80.
Silver traded down 1.11 percent Monday to $22.11, while copper
rose 1.16 percent to $3.36.
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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