Midway through trading Monday, the Dow traded up 0.20 percent to 22,449.56 while the NASDAQ climbed 0.41 percent to 6,522.80. The S&P also rose, gaining 0.25 percent to 2,525.59.
Leading and Lagging Sectors;
On Monday, the healthcare shares surged 0.79 percent. Meanwhile, top gainers in the sector included Rigel Pharmaceuticals, Inc. RIGL 28.74%, up 30 percent, and Endocyte, Inc. ECYT 88.65%, up 72 percent.
Cal-Maine Foods Inc CALM 0.49% reported a wider-than-expected loss for its first quarter on Monday.
Cal-Maine reported a Q1 loss of $0.33 per share on sales of $262.8 billion. However, analysts were expecting a loss of $0.22 per share on sales of $273.7 million.
Equities Trading UP;
Alphatec Holdings Inc ATEC 28.76% shares shot up 22 percent to $2.75. Alphatec named Patrick Miles as Executive Chairman and Quentin Blackford as a member of the Board.
Shares of Synchronoss Technologies, Inc. SNCR 13.18% got a boost, shooting up 21 percent to $11.25 after the company disclosed Friday that it remains in active discussions with multiple parties.
Endocyte, Inc. ECYT 88.65% shares were also up, gaining 88 percent to $2.66 after the company reported worldwide license of PSMA-617 from ABX GmbH.
Equities Trading DOWN;
Biohaven Pharmaceutical Holding Co Ltd BHVN 12.59% shares dropped 13 percent to $32.44 after the company reported topline data from spinocerebellar ataxia Phase 2/3 trial.
Shares of CyberOptics Corporation CYBE 23.23% were down 21 percent to $12.87 after the company reported a $3 million buyback plan and lowered its Q3 outlook.
Seres Therapeutics Inc MCRB 21.2% was down, falling around 21 percent to $12.74 after the company reported topline results from SER-287 Phase 1b study in patients with Ulcerative Colitis.
In commodity news, oil traded down 2.44 percent to $50.41 while gold traded down 0.51 percent to $1,278.30.
Silver traded down 0.07 percent Monday to $16.665, while copper fell 0.39 percent to $2.9435.
European shares were mostly higher today. The eurozone’s STOXX 600 rose 0.36 percent, the Spanish Ibex Index fell 1.61 percent, while Italy’s FTSE MIB Index rose 0.32 percent. Meanwhile the German DAX gained 0.34 percent, and the French CAC 40 gained 0.28 percent while U.K. shares rose 0.74 percent.
The Markit manufacturing PMI rose to 53.10 for September, versus prior reading of 53.00. However, economists were expecting a reading of 53.00.
The ISM manufacturing index gained to 60.80 in September, versus previous reading of 58.80. Economists projected a reading of 58.00.
U.S. construction spending rose 0.5 percent for August, versus economists’ expectations for a 0.4 percent gain.
Dallas Federal Reserve Bank President Robert Kaplan is set to speak in El Paso, Texas at 2:00 p.m. ET.