Toward the end of trading Monday, the Dow traded up 0.41 percent to 25,167.07 while the NASDAQ climbed 0.99 percent to 7,335.93.
The S&P also rose, gaining 0.45 percent to 2,718.75.
Leading and Lagging Sectors
Monday afternoon, the information technology shares climbed 1.4 percent. Meanwhile, top gainers in the sector included
Maxwell Technologies Inc. (NASDAQ: MXWL)
up 49 percent, and The Ultimate Software Group, Inc. (NASDAQ: ULTI) up 20 percent.
In trading on Monday, health care shares fell 0.6 percent.
Top Headline
Clorox Co (NYSE: CLX) reported
stronger-than-expected earnings for its second quarter and reaffirmed full year EPS guidance.
Clorox delivered earnings of $1.40 per share, beating estimates of $1.31 per share. The company’s revenue came in at $1.473
billion, versus estimates of $1.47 billion.
Equities Trading UP
BioLineRx Ltd. (NASDAQ: BLRX) shares
got a boost, shooting up 24 percent to $0.7920 after the company received Orphan Drug Designation from the FDA for BL-8040 for the
treatment of pancreatic cancer.
Shares of Top Image Systems Ltd. (NASDAQ: TISA) shot up 54 percent to $0.8247 after the company entered into a definitive
agreement to be acquired by Kofax for $0.86 per share in cash.
Maxwell Technologies Inc. (NASDAQ: MXWL) shares were also up, gaining 49 percent to $4.5750 after Tesla
Inc (NASDAQ: TSLA) announced plans to acquire
Maxwell Technologies for $4.75 per share.
Equities Trading DOWN
Check Cap Ltd (NASDAQ: CHEK) shares
dropped 29 percent to $2.44 after the company announced an equity offering of 2.91 million shares and warrant units at $2.58 per
unit for a total of $7.5 million..
Shares of Medley Management Inc. (NYSE: MDLY) were down 21 percent to $3.89 after Nexpoint Advisors proposed merger
transaction to Sierra Income Corporation and Medley Capital Corporation boards.
Triton International Limited (NYSE: TRTN)
was down, falling around 10 percent to $32.20 after Bank of America downgraded the stock from Buy to Underperform and lowered the
price target from $35 to $32.
Commodities
In commodity news, oil traded down 1.45 percent to $54.46 while gold traded down 0.29 percent to $1,318.30.
Silver traded down 0.35 percent Monday to $15.875, while copper rose 0.9 percent to $2.798.
Eurozone
European shares closed mixed today. The eurozone’s STOXX 600 gained 0.06 percent, the Spanish Ibex Index dropped 0.49 percent,
while Italy’s FTSE MIB Index gained 0.15 percent. Meanwhile the German DAX fell 0.04 percent, and the French CAC 40 declined 0.38
percent while U.K. shares rose 0.2 percent.
Economics
U.S. factory orders declined 0.6 percent for November.
Cleveland Federal Reserve Bank President Loretta Mester is set to speak in Cleveland, Ohio at 7:30 p.m. ET.
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