Following the market opening Monday, the Dow traded up 0.37 percent to 24,922.82 while the NASDAQ climbed 0.52 percent to
7,440.97. The S&P also rose, gaining 0.34 percent to 2,737.05.
Leading and Lagging Sectors
Monday morning, the energy shares rose 0.86 percent. Meanwhile, top gainers in the sector included Renewable Energy Group,
Inc. (NASDAQ: REGI), up 10 percent, and Comstock
Resources, Inc. (NYSE: CRK) up 5 percent.
In trading on Monday, real estate shares fell 0.06 percent.
Top Headline
Sears Holdings Corp (NASDAQ: SHLD) announced
Monday it was exploring a sale of its Kenmore brand and related assets, its Sears Home Improvement business and its Parts Direct
business.
A special committee of the board consisting of independent directors is initiating a formal process to evaluate previously
reported interest from ESL Investments, to solicit third-party interest and to explore strategic alternatives.
Equities Trading UP
Myomo, Inc. (NYSE: MYO) shares shot up 18 percent to
$3.69 after the company disclosed that its application for Medicare codes received favorable preliminary decision.
Shares of Sears Holdings Corporation (NASDAQ: SHLD) got a boost, shooting up 8 percent to $3.70 after the company announced
Monday it was exploring a sale of its Kenmore brand and related assets, its Sears Home Improvement business and its Parts Direct
business.
NXP Semiconductors N.V. (NASDAQ: NXPI) shares were
also up, gaining 10 percent to $108.89 after Bloomberg reported that the China’s Commerce Ministry has restarted its review of
QUALCOMM Incorporated’s (NASDAQ: QCOM) proposed
takeover of NXP Semiconductors.
Equities Trading DOWN
Ominto, Inc. (NASDAQ: OMNT) shares dropped 30
percent to $1.85 after the company reported voluntary delisting from the Nasdaq Stock Market.
Shares of Remark Holdings, Inc. (NASDAQ: MARK)
were down 16 percent to $5.20. Remark Holdings posted Q1 GAAP loss of $0.43 per share on sales of $16.724 million.
aTyr Pharma, Inc. (NASDAQ: LIFE) was down, falling
around 22 percent to $1.80 after the company posted a wider-than-expected Q1 loss.
Commodities
In commodity news, oil traded up 0.14 percent to $70.80 while gold traded down 0.10 percent to $1,319.40.
Silver traded down 0.61 percent Monday to $16.65, while copper fell 0.84 to $3.0855.
.
Eurozone
European shares were lower today. The eurozone’s STOXX 600 declined 0.26 percent, the Spanish Ibex Index fell 0.17 percent,
while Italy’s FTSE MIB Index tumbled 0.70 percent. Meanwhile the German DAX fell 0.36 percent, and the French CAC 40 declined 0.23
percent while U.K. shares fell 0.20 percent.
Economics
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
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