Following the market opening Monday, the Dow traded down 0.40
percent to 16,386.83 while the NASDAQ tumbled 0.16 percent to
4,329.30. The S&P also fell, dropping 0.23 percent to
Leading and Lagging Sectors In trading on Monday, healthcare
shares were relative leaders, up on the day by about 0.02
percent. Among the leading sector stocks, gains came from Idera
), Galena Biopharma (NASDAQ:
), Alexion Pharmaceuticals (NASDAQ:
) and Peregrine Pharmaceuticals (NASDAQ:
Basic materials sector was the leading decliner in the US
market today. Among the sector stocks, Cliffs Natural Resources
) was down more than 4.6 percent, while Companhia Siderurgica
) tumbled around 4.4 percent.
Top Headline McDonald's (NYSE:
) reported a
in its global same-store sales in February. Analysts were
expecting a 0.1% decline in global comparable sales. McDonald's
US same-store sales fell 1.4% in February, versus analysts'
expectations for a 0.6% drop. Comparable sales rose 0.6% in
Europe, while sales tumbled 2.6% in Asia/Pacific, Middle East and
Equities Trading UP Montage Technology Group (NASDAQ:
) shot up 19.52 percent to $20.51 after the company
received a non-binding proposal
from Shanghai Pudong Science and Technology to purchase the
company at $21.50 per share.
Shares of FuelCell Energy (NASDAQ:
) got a boost, shooting up 12.46 percent to $3.97 ahead of
quarterly earnings after the closing bell. FuelCell Energy is
estimated to post a Q1 loss at $0.04 per share on revenue of
Chiquita Brands International (NYSE:
) was also up, gaining 12.73 percent to $12.22 on
with Irish rival Fyffes. Chiquita agreed to acquire Fyffes in an
Equities Trading DOWN Shares of Walter Energy (NYSE:
) were down 4.98 percent to $9.93 after the company commenced
process to amend credit facility.
Cliffs Natural Resources (NYSE:
) shares tumbled 4.18 percent to $17.87 after the company
confirmed the receipt of director nominations by Casablanca
on the stock with a Sell rating and a $10.00 price target.
Perfect World Co (NASDAQ:
) was down, falling 4.99 percent to $23.78 after the company
developments. Perfect World is expected to post its Q4 earnings
at $0.43 per share on revenue of $142.11 million.
Commodities In commodity news, to $101.06, while gold traded
up 0.02 percent to $1,338.50.
Silver traded up 0.08 percent Monday to $20.95, while copper
fell 1.27 percent to $3.04.
Eurozone European shares today.
The Spanish Ibex Index rose 0.15 percent, while Italy's FTSE
MIB Index climbed 0.55 percent.
Meanwhile, the German DAX dropped 0.44 percent and the French
CAC 40 rose 0.61 percent while U.K. shares fell 0.06 percent.
Economics The Treasury is set to auction 3-and 6-month
Chicago Fed President Charles Evans is expected to speak
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