Following the market opening Monday, the Dow traded up 0.04 percent to 24,338.40 while the NASDAQ climbed 0.18 percent to
6,852.66. The S&P also rose, gaining 0.08 percent to 2,653.63.
Leading and Lagging Sectors
Monday morning, the energy sector proved to be a source of strength for the market. Leading the sector was strength from
Eclipse Resources Corp (NYSE: ECR) and Comstock
Resources Inc (NYSE: CRK).
In trading on Monday, consumer staples shares fell 0.35 percent.
Top Headline
3M Co (NYSE: MMM) agreed to sell substantially all of
its communication markets division to Corning Incorporated (NYSE: GLW) for $900 million.
Corning expects the deal adding $0.07 to $0.09 per share in FY19 earnings.
Equities Trading UP
ARGENX SE/S ADR (NASDAQ: ARGX) shares shot up 61
percent to $49.06 after the company reported positive topline results from Phase 2 proof-of-concept trial of ARGX-113 in
generalized myasthenia gravis.
Shares of Blueprint Medicines Corp (NASDAQ: BPMC)
got a boost, shooting up 21 percent to $86.69 after the company announced new data from ongoing Phase 1 clinical trial of
Avapritinib.
bluebird bio Inc (NASDAQ: BLUE) shares were also
up, gaining 17 percent to $200.45 after the company announced updated clinical results from ongoing Phase 1 multicenter study of
LentiGlobin gene therapy in severe sickle cell disease at the ASH2017.
Equities Trading DOWN
Syros Pharmaceuticals Inc (NASDAQ: SYRS) shares
dropped 40 percent to $7.40 following presentation at the ASH 2017 on Phase 2 trial of SY-1425 in genomically defined AML and MDS
patients.
Shares of Spark Therapeutics Inc (NASDAQ: ONCE)
were down 42 percent to $42.34 on volatile factor VIII activity data in hemophilia A gene therapy.
Global Blood Therapeutics Inc (NASDAQ: GBT) was
down, falling around 7 percent to $42.45 after the company released results from multiple data presentations during the 59th
American Society of Hematology Annual Meeting & Exposition.
Commodities
In commodity news, oil traded up 0.42 percent to $57.60 while gold traded up 0.03 percent to $1,248.80.
Silver traded down 0.30 percent Monday to $15.775, while copper rose 0.20 percent to $2.9845.
Eurozone
European shares were mostly lower today. The eurozone’s STOXX 600 rose 0.04 percent, the Spanish Ibex Index fell 0.10 percent,
while Italy’s FTSE MIB Index dropped 0.15 percent. Meanwhile the German DAX declined 0.09 percent, and the French CAC 40 slipped
0.02 percent while U.K. shares rose 0.71 percent.
Economics
The number of job openings dropped to around 6 million in October, compared to 6.18 million in the previous month, the Labor
Department reported.
The Treasury is set to auction 6-month bills and 3-year notes at 11:30 a.m. ET.
The Treasury will auction 3-month bills and 10-year notes at 1:00 p.m. ET.
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