Following the market opening Monday, the Dow traded down 0.20 percent to 25,245.79 while the NASDAQ declined 0.14 percent to 7,126.45. The S&P also fell, dropping 0.15 percent to 2,739.06.
Leading and Lagging Sectors;
In trading on Monday, healthcare shares fell 0.75 percent. Meanwhile, top losers in the sector included Natus Medical Inc BABY 14.31%, down 16 percent, and EXACT Sciences Corporation EXAS 12.06%down 13 percent.
Kohl’s Corporation KSS 3.33% raised its fiscal 2017 earnings guidance and reported that its combined sales for November and December rose 6.9 percent year-over-year.
The company now projects FY17diluted earnings of $4.10 to $4.20 per share, compared to its earlier outlook of $3.72 to $3.92 per share. Analysts were projecting a profit of $3.64 per share for the year.
Equities Trading UP;
Lightinthebox Holding Co Ltd-ADR LITB 17.15% shares shot up 20 percent to $2.97 after the company disclosed that it will now accept Bitcoin payment.
Shares of Alder Biopharmaceuticals Inc ALDR 11.78% got a boost, shooting up 12 percent to $14.45. Alder disclosed that it has met primary and all key secondary endpoints in pivotal PROMISE 2 Phase 3 trial. The company also announced a $250 million committed equity financing.
Nuvectra Corp NVTR 22.14% shares were also up, gaining 17 percent to $9.19 after the company issued a strong sales forecast.
Equities Trading DOWN;
Axovant Sciences Ltd AXON 48.32% shares dropped 48 percent to $2.82. Axovant disclosed that it did not meet primary endpoints in Phase 2B HEADWAY and pilot Phase 2 Gait and Balance studies.
Shares of Oxford Immunotec Global PLC OXFD 13.55% were down 15 percent to $12.00 after the company lowered its Q4 sales guidance.
Dave & Buster’s Entertainment, Inc. PLAY 18.04% was down, falling around 18 percent to $46.28 after the company lowered its FY17 sales and net income guidance.
In commodity news, oil traded up 0.23 percent to $61.58 while gold traded down 0.11 percent to $1,320.80.
Silver traded down 0.61 percent Monday to $17.18, while copper rose 0.33 percent to $3.24.
European shares were mostly higher today. The eurozone’s STOXX 600 climbed 0.27 percent, the Spanish Ibex Index rose 0.12 percent, while Italy’s FTSE MIB Index rose 0.22 percent. Meanwhile the German DAX gained 0.38 percent, and the French CAC 40 rose 0.36 percent while U.K. shares fell 0.29 percent.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
San Francisco Bank President John Williams is set to speak in Washington at 1:35 p.m. ET.
Data on consumer credit for November will be released at 3:00 p.m. ET.
Atlanta Federal Reserve Bank President Raphael Bostic will speak in Atlanta at 12:40 p.m. ET.
Boston Federal Reserve Bank President Eric Rosengren is set to speak in Washington.