Wall Street's major averages are mixed at midday on Monday with the Dow Jones Industrial Average and S&P 500 taking a breather from a record-setting run, while the Nasdaq orbits its latest record high on gains in the chipmaker sector. The dearth of market-moving economic news coupled with the upcoming Q4 earnings season has stifled trade, leaving volume at its lowest level in more than a week.
The healthcare sector is Monday's biggest loser with biotech industry shares trading with sizable losses. Financial shares are also on the defensive with Dow components Goldman Sachs ( GS ) trading at its lowest level in nearly four weeks.
More specific names that are trading defensively include GoPro ( GPRO ) whose shares slid to an all-time low after the company lowered its revenue guidance, announced plans to cut more than 20% of its workforce, and scrapped its Karma Drone as it struggles to restore market share. In a gesture to encourage investors, CEO Nick Woodman volunteered to cut his compensation to $1. The company also noted COO Charles Prober's resignation from the company effective Feb. 16 and senior Vice President Sharon Zezima's resignation, effective March 30
Dave & Buster's ( PLAY ) shares are under pressure from lowered expectations that failed to meet Wall Street's expectations. Although the company plans to increase its locations by 14%, it dropped its revenue guidance.
On the plus side, shares of Nvidia ( NVDA ) gave a boost to the semiconductor sector after announcing a partnership with Uber and Volkswagen to foster self-driving technology.
Most European markets were higher as a significant miss on German factory orders was offset by a better-than-expected gain in EU-zone retail sales.
Crude oil was up $0.06 to $61.50 per barrel. Natural gas was up $0.04 to $2.83 per 1 million BTU. Gold was down $4.20 to $1.318.10 an ounce, while silver was down $0.17 to $17.11 an ounce. Copper was down $0.001 to $3.22 per pound.
Among energy ETFs, the United States Oil Fund was down 0.12% to $12.29 with the United States Natural Gas Fund was up 0.20% to $22.11. Amongst precious-metal funds, the Market Vectors Gold Miners ETF was down 1.08% to 23.39 while SPDR Gold Shares were down 0.24% to $125.03. The iShares Silver Trust was down 0.65% to $16.11.
Here's where the markets stand at mid-day:
NYSE Composite Index was down 17.33 points (-0.13%) to 13,085.91
Dow Jones Industrial Index was down 34.51 points (-0.14%) to 25,261.36
S&P 500 was up 0.42 points (+0.01%) to 2,743.50
Nasdaq Composite Index was up 10.65 points (+0.15%) to 7,147.79
FTSE 100 was down 27.71 points (-0.36%) to 7,696.51
DAX was up 48.14 points (+0.36%) to 13,367.78
CAC 40 was up 16.67 points (+0.31%) to 5,487.42
Nikkei 225 was closed
Hang Seng Index was up 84.89 points (+0.28%) to 30,899.53
Shanghai China Composite Index was up 18.25 points (+0.54%) to 3,410.00
NYSE SECTOR INDICES
NYSE Energy Sector Index was down 23.63 points (-0.13%) to 18,024.84
NYSE Financial Sector Index was down 19.79 points (-0.15%) to 12,840.85
NYSE Healthcare Sector Index was down 125.05 points (0.59%) to 20,720.08
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