Following the market opening Monday, the Dow traded up 0.27
percent to 14,039.02 while the NASDAQ rose 0.56 percent to
3,179.40. The S&P also rose, surging 0.42 percent to
Index Technicals: The S&P 500 looks poised to defend the
1,500 mark while holding a support of 1,497, with 1,531 as the
new resistance. 1515 will be a key area to watch for today.
The DOW is set up today with support at 13,860 as it looks to
re-test its 14,058 highs.
The NASDAQ is poised to defend its 3130 support and its daily
50 EMA at 3,122.5 as it tries to regain a breakout over its
September highs of 3,197.
The RUT is set to find support at 900 while regaining its 50
EMA at 910.40. The resistance looks to be set at 932 for the
Top Headline Barnes & Noble's (NYSE:
) Chairman Mr. Leonard Riggio plans to bid for all the retail
assets of the company, excluding the Nook digital reader
Equities Trading UP Zynga (NASDAQ:
) shot up 10.03 percent to $3.51 after Nevada legalized first
interstate online poker.
Shares of Elan Corporation plc (NYSE:
)got a boost, shooting up 8.77 percent to $11.53 after Royalty
Pharma proposed to buy Elan for $11 per share.
Barnes & Noble (NYSE:
) was also up, gaining 9.38 percent to $14.78 after the company's
Chairman Mr. Leonard Riggio plans to bid for all the retail
assets of the company.
Equities Trading DOWN Affymax (NASDAQ:
) shares tumbled 84.81 percent to $2.51 this morning. Affymax and
Takeda Pharmaceutical Company decided to voluntarily recall all
lots of OMONTYS® Injection.
Dynavax Technologies (NASDAQ:
) was also down, falling 32.66 percent to $2.00 after the US FDA
rejected Dynavax's HEPLISAV, an investigational adult hepatitis B
Shares of 3D Systems (NYSE:
)were down 14.08 percent to $32.62 this morning, after the
company reported downbeat Q4 revenue.
Commodities In commodity news, oil traded up 1.13 percent to
$94.18, while gold traded up 0.98 percent to $1,588.20.
Silver traded up 1.67 percent Monday to $28.94, while copper
gained 0.65 percent to $3.56.
Eurozone European shares were higher after exit polls from
Italy's election. Moody's downgraded U.K.'s sovereign credit
rating to Aa1 from AAA. The Bank of Greece sees the Greek economy
contracting 4.5 percent in 2013 with growth finally returning in
The Spanish Ibex surged 1.85 percent, while the Italian MIB
index jumped 2.23 percent. The STOXX Europe 600 Index rose 0.21
percent, London's FTSE 100 Index surged 1.24 percent, French CAC
40 Index rose 1.76 percent and German DAX 30 index gained 2.26
Economics The Chicago Fed National Activity Index fell to
-0.32 in January, versus 0.25 in December, missing economists'
estimates of 0.02.
The Treasury is set to auction 3- and 6-month bills as well as
2-year notes. Atlanta Federal Reserve Bank President Dennis
Lockhard will speak on the economic outlook in Knoxville,
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
Profit with More New & Research
. Gain access to a streaming platform with all the information
you need to invest better today.
Click here to start your 14 Day Trial of Benzinga