Toward the end of trading Monday, the Dow traded down 0.20 percent to 21,536.24 while the NASDAQ gained 0.26 percent to
6,404.33. The S&P also fell, dropping 0.06 percent to 2,471.00.
Leading and Lagging Sectors
Financial shares climbed by 0.28 percent in the US market on Monday. Top gainers in the sector included LNB Bancorp Inc
(NASDAQ: LNBB), and Union Bankshares, Inc. (NASDAQ:
UNB).
In trading on Monday, utilities shares fell 0.61 percent. Meanwhile, top losers in the sector included Genie Energy Ltd
(NYSE: GNE), down 4 percent, and York Water Co (NASDAQ:
YORW), down 4 percent.
Top Headline
Halliburton Company (NYSE: HAL) posted
stronger-than-expected earnings for its second quarter.
Halliburton posted quarterly adjusted earnings of $0.23 per share, on revenue of $4.96 billion. However, analysts were expecting
earnings of $0.18 per share on sales of $4.86 billion.
Equities Trading UP
Scientific Games Corp (NASDAQ: SGMS) shares shot
up 27 percent to $34.15 as the company reported stronger-than-expected Q2 results.
Shares of WebMD Health Corp. (NASDAQ: WBMD) got a
boost, shooting up 20 percent to $66.00 after the company confirmed Monday morning it has agreed to sell itself to the private
equity giant KKR for $66.50 per share in cash. The transaction values WebMD at $2.8 billion and represents a premium of
approximately 20 percent based on Friday's closing price of $55.19.
Neuroderm Ltd (NASDAQ: NDRM) shares were also up,
gaining 16 percent to $38.38. Mitsubishi Tanabe Pharma Corporation agreed to acquire NeuroDerm for $39 per share in cash.
Equities Trading DOWN
Hibbett Sports, Inc. (NASDAQ: HIBB) shares dropped
32 percent to $13.43 after the company issued a weak forecast for the second quarter.
Shares of TearLab Corp (NASDAQ: TEAR) were down 17
percent to $2.77 after climbing 89.77 percent on Friday.
Hasbro, Inc. (NASDAQ: HAS) was down, falling around
10 percent to $104.63. Hasbro posted Q2 earnings of $0.53 per share on sales of $972.5 million.
Commodities
In commodity news, oil traded up 1.22 percent to $46.33 while gold traded up 0.04 percent to $1,261.50.
Silver traded up 0.05 percent Monday to $16.465, while copper rose 0.75 percent to $2.743.
Eurozone
European shares closed mixed today. The eurozone’s STOXX 600 declined 0.24 percent, the Spanish Ibex Index rose 0.19 percent,
while Italy’s FTSE MIB Index rose 0.59 percent. Meanwhile the German DAX dropped 0.25 percent, and the French CAC 40 gained 0.20
percent while U.K. shares fell 1.01 percent.
Economics
The IHS Markit flash manufacturing PMI climbed to 53.2 in July, versus a reading of 52 in June. Economists expected a reading of
52 for July.
Existing-home sales dropped 1.8 percent in June to an annual rate of 5.52 million. However, economists were projecting a rate of
5.58 million.
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