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Mid-Day Update: Wall Street Narrowly Higher Amid Trade Worries, Earnings

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US stocks were cautiously higher around midday on Monday as companies including Tyson Foods ( TSN ) and Berkshire Hathaway (BRK.A) are rising after their Q2 reports, but traders also weighed the escalating trade dispute between the United States and China.

There are no economic data due for release.

In Europe, equities were narrowly mixed with markets struggling for direction as banks were held back after disappointing earnings from HSBC.

Crude oil is up 1.90% to $69.79 per barrel. Natural gas is down 0.18% to $2.848 per 1 million BTU. Gold is down 0.31% to $1,219.40 an ounce, while silver is down 0.66% to $15.36 an ounce. Copper is down 1% to $2.736 per pound.

Among energy ETFs, the United States Oil Fund is up 1.61% to $14.50 with the United States Natural Gas Fund is up 0.39% to $23.43. Among precious-metal funds, the VanEck Vectors Gold Miners ETF is down 0.66% to $21.02, while SPDR Gold Shares is down 0.24% to $114.65. The iShares Silver Trust is down 0.44% to $14.44.

Here's where the markets stand at mid-day:

US MARKETS

NYSE Composite Index is up 0.06% to 12,960.63

Dow Jones Industrial Index is up 0.05% to 25,474.13

S&P 500 is up 0.23% to 2,846.87

Nasdaq Composite Index is up 0.29% to 7,835.03

GLOBAL SENTIMENT

FTSE 100 is up 0.06% to 7,663.78

DAX is down 0.14% to 12,598.18

CAC 40 is down 0.03% to 5,477.18

Nikkei 225 is down 0.08% to 22,507.32

Hang Seng Index is up 0.52% to 27,819.56

Shanghai China Composite Index is down 1.29% to 2,705.16

NYSE SECTOR INDICES

NYSE Energy Sector Index is up 0.45% to 12,080.65

NYSE Financial Sector Index is down 0.07% to 8,119.96

NYSE Healthcare Sector Index is up 0.19% to 15,554.93

UPSIDE MOVERS

(+) SEAS (+18.1%) Q2 profit misses, sales beat views

(+) NVCN (+17.5%) Reports results from trial which showed that its Neovasc Reducer device was "very safe" and significantly reduced the severity of angina

(+) HMNY (+16.6%) Gets buy interest from Triton Funds, report says

DOWNSIDE MOVERS

(-) NWL (-13.3%) Tops Q2 profit estimates, misses on sales

(-) RAD (-10.1%) Trims fiscal 2019 outlook

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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