Toward the end of trading Monday, the Dow traded up 0.67 percent to 24,426.07 while the NASDAQ climbed 0.94 percent to 7,277.39.
The S&P also rose, gaining 0.55 percent to 2,677.89.
Leading and Lagging Sectors
Monday afternoon, the energy shares rose 2.14 percent. Meanwhile, top gainers in the sector included Energy XXI Gulf Coast,
Inc. (NASDAQ: EGC), up 12 percent, and EP Energy
Corporation (NYSE: EPE) up 13 percent.
In trading on Monday, telecommunication services shares fell 0.79 percent.
Top Headline
Tyson Foods, Inc. (NYSE: TSN) reported
weaker-than-expected results for its fiscal second quarter.
Tyson posted quarterly earnings of $1.271 per share on sales of $9.773 billion. Analysts expected earnings of $1.32 per share on
sales of $9.89 billion. Tyson expects FY18 earnings of $6.55 to $6.70 per share.
Equities Trading UP
athenahealth, Inc. (NASDAQ: ATHN) shares shot up
16 percent to $145.72 after Elliott Management confirmed a $160 per share cash offer for athenahealth.
Shares of National CineMedia, Inc. (NASDAQ: NCMI)
got a boost, shooting up 16 percent to $6.45 after the company posted upbeat quarterly profit.
Gramercy Property Trust (NYSE: GPT) shares were also
up, gaining 16 percent to $27.52 after the company agreed to be acquired by Blackstone Group L.P. (NYSE: BX) for $27.50 per share.
Equities Trading DOWN
Tower Semiconductor Ltd. (NASDAQ: TSEM) shares
dropped 9 percent to $24.94 after reporting downbeat quarterly results.
Shares of Technical Communications Corporation (NASDAQ: TCCO) were down 8 percent to $4.58. Technical Communications reported a net loss of
$(0.17) per share for the three months ended March 31, 2018, versus net income of $0.07 per share, in the year-ago quarter.
Del Frisco's Restaurant Group Inc (NASDAQ: DFRG)
was down, falling around 13 percent to $14.70 after the company reported downbeat quarterly earnings and announced plans to acquire
Barteca Restaurant Group for $325 million in cash.
Commodities
In commodity news, oil traded up 1.22 percent to $70.57 while gold traded up 0.02 percent to $1,314.90.
Silver traded down 0.02 percent Monday to $16.515, while copper rose 0.24 to $3.093.
Eurozone
European shares closed higher today. The eurozone’s STOXX 600 gained 0.65 percent, the Spanish Ibex Index rose 0.38 percent,
while Italy’s FTSE MIB Index rose 0.86 percent. Meanwhile the German DAX rose 1.06 percent, and the French CAC 40 gained 0.28
percent while U.K. shares rose 0.86 percent.
Economics
Data on consumer credit for March will be released at 3:00 p.m. ET.
Dallas Fed President Robert Kaplan will speak at 3:30 p.m. ET.
Chicago Fed President Charles Evans is set to speak at 3:30 p.m. ET.
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