Midway through trading Monday, the Dow traded down 0.10
percent to 16,420.87 while the NASDAQ surged 0.06 percent to
4,177.29. The S&P also fell, dropping 0.07 percent to
Top Headline Lululemon Athletica (NASDAQ:
) lowered its guidance for the quarter. Lululemon now projects
FQ4 earnings of $0.71 to $0.73 per share, versus its December
outlook of $0.78 to $0.80 per share.
It expects revenue of $513 million to $518 million, versus its
earlier forecast of $535 million to $540 million.
Equities Trading UP Shares of Alnylam Pharmaceuticals (NASDAQ:
) got a boost, shooting up 53.25 percent to $101.47 after the
company reported that it has
acquired investigational RNAi
Therapeutic assets from Merck (NYSE:
). Genzyme and Alnylam expanded their collaboration on rare
) shot up 24.06 percent to $83.08 after the company agreed to be
acquired by Suntory Holdings
for $83.50 per share in cash.
Clovis Oncology (NASDAQ:
) was also up, gaining 7.26 percent to $79.35 after the company
announced 2014 objectives
and financial outlook. The company projected to initiate three
global registration studies for CO-1686.
Equities Trading DOWN Shares of SodaStream International
) were down 21.163 percent to $39.10 after the company lowered
its FY13 forecast.
Lululemon Athletica (NASDAQ:
) tumbled 15.53 percent to $50.35 after the company cut its
outlook. Ascena Retail Group (NASDAQ:
) was down, falling 6.06 percent to $20.61 after the company
lowered its FY14 earnings guidance.
Commodities In commodity news, oil traded down 0.60 percent to
$92.16, while gold traded up 0.31 percent to $1,250.80. Silver
traded up 0.31 percent Monday to $20.28, while copper fell 0.09
percent to $3.34.
Eurozone European shares were higher today. The Spanish Ibex
Index rose 0.69 percent, while Italy's FTSE MIB Index surged 0.66
percent. Meanwhile, the German DAX climbed 0.32 percent and the
French CAC 40 rose 0.30 percent while U.K. shares gained 0.19
Economics The US Treasury monthly budget report for December
will be released at 2:00 p.m. ET.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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