Midway through trading Monday, the Dow traded up 1.08 percent
to 15,233.28 while the NASDAQ surged 1.18 percent to 3,463.90.
The S&P also rose, gaining 0.99 percent to 1,642.83.
Top Headline Time Warner's (NYSE:
) Man of Steel, the relaunch of the Superman movie series, became
the second-most successful movie of the year after the film made
$113 million in its first weekend, behind only Iron Man 3.
Equities Trading UP DreamWorks Animation SKG (NASDAQ:
) shot up 4.38 percent to $23.81 after Netflix (NASDAQ:
) signed a multi-year deal with the company.
Shares of Weyerhaeuser Co (NYSE:
) got a boost, shooting up 2.19 percent to $28.91 after the
company announced a public offering of 28,000,000 of its common
shares. The company also announced its plans to buy Longview
Timber LLC from affiliates of Brookfield Asset Management (NYSE:
) was also up, gaining 6.88 percent to $228.72 after the company
signed a multi-year deal with DreamWorks Animation.
Equities Trading DOWN Terex (NYSE:
) was down, falling 8.19 percent to $29.14 after the company
lowered its FY13 earnings view.
Shares of Rexnord (NYSE:
) were down 5.13 percent to $17.00 after the company launched a
public offering of 11 million shares of its common stock by
ARM Holdings plc (NASDAQ:
) shares tumbled 2.82 percent to $39.33 after Numis downgraded
the stock from "hold" to "reduce."
Commodities In commodity news, oil traded up 0.26 percent to
$98.10, while gold traded down 0.31 percent to $1,383.30.
Silver traded down 0.88 percent Monday to $21.76, while copper
fell 0.01 percent to $3.20.
Eurozone European shares were higher today. The Spanish Ibex
Index rose 0.81 percent and the Italian FTSE MIB Index gained
0.26 percent. Meanwhile, the German DAX climbed 1.08 percent and
the French CAC 40 gained 1.54 percent while U.K. shares rose 0.41
Economics The Empire State manufacturing index surged to 7.8
in June, versus negative 1.4 in the earlier month.
The NAHB builder-confidence index surged to 52 in June, versus
44 in May. However, economists were estimating the
builder-sentiment index to increase to 45.
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