Following the market opening Monday, the Dow traded down 0.31
percent to 14,502.56 while the NASDAQ gained 0.11 percent to
3,209.58. The S&P also fell, dropping 0.10 percent to
Index Technicals: The S&P 500 looks to be bouncing off its
1,535 support Friday, looking to open higher with a morning over
its 1,555 resistance and 1,560 as resistance above that.
Next up, the Dow looks to be bouncing off its 14,445 support,
while its daily 50 EMA support lies lower at 14,359.5, with
14,650/14,600 acting as resistance above.
The NASDAQ is hanging at its 50 EMA support, with its
resistance on its daily chart at 3,209.04, with 3,150 acting as
support below and 3,210 as resistance above that.
Finally, the Russell looks to be closing just above the 910
resistances, with 925 resistance above that and the 900 level
acting as support.
Top Headline Caterpillar (NYSE:
) reported a fall in its first-quarter profit and also lowered
its 2013 forecast.
Caterpillar's quarterly profit declined to $880 million, or
$1.31 per share, versus $1.59 billion, or $2.37 per share, in the
Its revenue fell to $13.21 billion from $15.98 billion.
However, analysts were expecting earnings of $1.36 per share on
revenue of $13.8 billion.
Equities Trading UP Delhaize Group (NYSE:
) shot up 9.97 percent to $61.20 after the company issued
preliminary Q1 results.
Shares of Inter Parfums (NASDAQ:
) got a boost, shooting up 6.16 percent to $28.25 after the
company lifted 2013 forecast.
Halliburton Company (NYSE:
) was also up, gaining 3.22 percent to $38.41 after the company
posted higher Q1 revenue.
Equities Trading DOWN AmTrust Financial Services (NASDAQ:
) was down, falling 9.27 percent to $29.43 after the company
bought Sequoia Insurance for $60 million.
Shares of Koninklijke Philips Electronics NV (NYSE:
) were down 4.06 percent to $27.15 after the company reported Q1
) shares tumbled 6.27 percent to $7.62 after JP Morgan downgraded
the stock from "overweight" to "neutral."
Commodities In commodity news, oil traded up 0.58 percent to
$88.52, while gold traded up 2.35 percent to $1,428.40.
Silver traded up 2.24 percent Monday to $23.53, while copper
fell 0.55 percent to $3.15.
Eurozone European shares rose in tandem as Italy elected an
interim government to set up a new round of elections.
The Spanish Ibex Index rose 1.40 percent while the Italian
FTSE MIB Index gained 1.79 percent. Meanwhile, the German DAX
rose 0.52 percent and the French CAC gained 0.44 percent and U.K.
shares climbed 0.24 percent.
Economics The Chicago Fed National Activity Indexfell to -0.23
in March, down from a revised reading of 0.76 in February.
Sales of US existing homes dropped 0.6% to an annual rate of
4.92 million in March, versus an original estimate of 4.98
million in February.
The Treasury is set to auction 3- and 6-month bills.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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