Following the market opening Monday, the Dow traded up 1.10 percent to 20,774.34 while the NASDAQ climbed 1.23 percent to
5,983.09. The S&P also rose, gaining 1.11 percent to 2,374.77.
Leading and Lagging Sectors
Monday morning, the financial sector proved to be a source of strength for the market. Leading the sector was strength from
Deutsche Bank AG (USA) (NYSE: DB) and Banco Bilbao
Vizcaya Argentaria SA (ADR) (NYSE: BBVA).
In trading on Monday, utilities shares fell by 0.16 percent. Meanwhile, top losers in the sector included FirstEnergy
Corp. (NYSE: FE), down 1.5 percent, and NextEra Energy
Inc (NYSE: NEE), down 1 percent.
Top Headline
Halliburton Company (NYSE: HAL) reported
better-than-expected earnings for its first quarter on Monday.
Halliburton posted adjusted earnings of $0.04 per share in the quarter on revenue of $4.28 billion; Analysts were expecting the
company to earn $0.03 per share on revenue of $4.26 billion.
Equities Trading UP
Ocean Power Technologies Inc (NASDAQ: OPTT) shares
shot up 54 percent to $2.82. On Friday, Ocean Power Technologies reported the deployment of its PB3 PowerBuoy in Japan.
Shares of Real Goods Solar, Inc. (NASDAQ: RGSE)
got a boost, shooting up 23 percent to $1.35 after the company issues a business update. RGS Energy expects Q1 sales of $1.96
million, up from $670,000 in the fourth quarter.
C R Bard Inc (NYSE: BCR) shares were also up, gaining
20 percent to $304.79 after Becton Dickinson and Co (NYSE: BDX) announced plans to acquire the company for $24 billion.
Equities Trading DOWN
CSI Compressco LP (NYSE: CCLP) shares dropped 17
percent to $7.74. CSI Compressco lowered its quarterly cash distribution to $0.1875 per outstanding common unit. CSI Compressco is
expected to release its Q1 earnings results on Tuesday, May 9, 2017.
Shares of Akari Therapeutics PLC (ADR) (NASDAQ: AKTX) were down around 11 percent to $18.34. Akari Therapeutics disclosed that it
demonstrated positive response with Coversin in its Phase 2 PNH trial.
XOMA Corporation (NASDAQ: XOMA) was down, falling
around 10 percent to $6.95 after the company reported results from its Phase 2 proof-of-concept study of prolactin inhibition.
Commodities
In commodity news, oil traded up 0.38 percent to $49.81 while gold traded down 1.31 percent to $1,272.20.
Silver traded down 0.32 percent Monday to $17.88, while copper rose 0.27 percent to $2.558.
Eurozone
European shares were higher today. The eurozone’s STOXX 600 gained 2.05 percent, the Spanish Ibex Index rose 3.34 percent, while
Italy’s FTSE MIB Index climbed 4.03 percent. Meanwhile the German DAX rose 3.13 percent, and the French CAC 40 slipped 4.50 percent
while U.K. shares rose 1.88 percent.
Economics
The Dallas Fed general activity index for April will be released at 10:30 a.m. ET.
Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Los Angeles, California at 11:30 a.m. ET.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
Minneapolis Federal Reserve Bank President Neel Kashkari will speak in Claremont, California at 3:15 p.m. ET.
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