Following the market opening Monday, the Dow traded down 0.56
percent to 15,151.54 while the NASDAQ declined 0.52 percent to
3,772.24. The S&P also fell, dropping 0.54 percent to
Top Headline Facebook (NASDAQ:
) has acquired mobile tech startup Onavo for an undisclosed
Onavo was founded in 2010 and has around 40 employees. It will
become Facebook's first office in Israel.
Equities Trading UP Antares Pharma (NASDAQ:
) shot up 9.93 percent to $4.98 after the company announced the
of OTREXUP injection.
Shares of Benefitfocus (NASDAQ:
) got a boost, shooting up 4.85 percent to $43.89 after
initiated coverage on the stock with a Buy rating.
Aratana Therapeutics (NASDAQ:
) was also up, gaining 6.81 percent to $25.09 after the company
agreed to acquire
Equities Trading DOWN Shares of Expedia (NASDAQ:
) were down 6.96 percent to $48.13 after Deutsche Bank downgraded
the stock from Buy to Hold and lowered target price from $66 to
Fair Isaac (NYSE:
) shares tumbled 5.32 percent to $54.28 after the company lowered
its FY13 outlook.
Ariad Pharmaceuticals (NASDAQ:
) was down, falling 5.40 percent to $4.0299 after Argus
downgraded the stock from Hold to Sell.
Commodities In commodity news,
oil traded down 0.53 percent
to $101.48, while gold traded up 1.26 percent to $1,284.20.
Silver traded up 1.30 percent Monday to $21.54, while copper
rose 0.93 percent to $3.30.
Eurozone European shares
were mostly lower
today. The Spanish Ibex Index fell 0.46 percent, while Italy's
FTSE MIB Index dropped 0.51 percent. Meanwhile, the German DAX
fell 0.27 percent and the French CAC 40 declined 0.22 percent
while U.K. shares gained 0.03 percent.
Economics Federal Reserve Chairman Ben Bernanke is expected to
speak at 8:00 p.m. ET.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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