Following the market opening Monday, the Dow traded up 0.01 percent to 21,638.66 while the NASDAQ climbed 0.28 percent to 6,329.92. The S&P also rose, gaining 0.08 percent to 2,461.19.
Leading and Lagging Sectors;
In trading on Monday, financial shares fell 0.16 percent. Meanwhile, top losers in the sector included Oconee Federal Financial OFED 3.51%, down 4 percent, and Old Line Bancshares, Inc. (MD) OLBK 3.45%, down 3 percent.
BlackRock, Inc. BLK 3.02% reported weaker-than-expected profit for its second quarter.
BlackRock posted quarterly adjusted earnings of $5.24 per share on revenue of $2.97 billion. However, analysts were expecting earnings of $5.39 per share on sales of $3.01 billion.
Equities Trading UP;
Shares of CymaBay Therapeutics Inc CBAY 16.28% got a boost, shooting up 20 percent to $6.80 as the company disclosed positive interim results from its ongoing low-dose Phase 2 study of seladelpar in patients with primary biliary cholangitis.
Soligenix, Inc. SNGX 22.71% shares were also up, gaining 23 percent to $2.55. H.C. Wainwright initiated coverage on Soligenix with a Buy rating and a $11.00 price target.
Equities Trading DOWN;
TherapeuticsMD Inc TXMD 11.72% shares dropped 10 percent to $5.05 after the company issued an update on the FDA meeting regarding TX-004HR.
Shares of Supernus Pharmaceuticals Inc SUPN 6.49% were down 7 percent to $41.20. PiperJaffray downgraded Supernus Pharmaceuticals from Overweight to Neutral.
Peregrine Pharmaceuticals PPHM 13.67% was down, falling around 12 percent to $4.93 as the company reported a wider loss for its fourth quarter on Friday.
In commodity news, oil traded down 0.21 percent to $46.44 while gold traded up 0.42 percent to $1,232.60.
Silver traded up 0.95 percent Monday to $16.085, while copper rose 1.39 percent to $2.7285.
European shares were mostly higher today. The eurozone’s STOXX 600 climbed 0.09 percent, the Spanish Ibex Index fell 0.21 percent, while Italy’s FTSE MIB Index gained 0.09 percent. Meanwhile the German DAX dropped 0.27 percent, and the French CAC 40 gained 0.03 percent while U.K. shares rose 0.31 percent.
The Empire State manufacturing index dropped to 9.80 in July, versus prior reading of 19.80. Economists were expecting a reading of 15.00.
The Treasury is set to auction 3-month bills at 11:30 a.m. ET.
The Treasury will also auction 6-month bills at 11:30 a.m. ET.