Following the market opening Monday, the Dow traded up 1.13 percent to 24,504.44 while the NASDAQ declined 0.04 percent to 6,844.52. The S&P also rose, gaining 0.65 percent to 2,659.33.

Leading and Lagging Sectors;

Monday morning, the telecommunication services sector proved to be a source of strength for the market. Leading the sector was strength from B Communications Ltd BCOM 5.58% and Intelsat S.A. I 2.74%.

In trading on Monday, information technology shares fell 0.51 percent.

Top Headline;

CVS Health Corp CVS 3.44% agreed to acquire Aetna Inc AET 1.35% for $69 billion.

CVS will acquire Aetna in a deal worth approximately $69 billion ($77 billion including Aetna’s debt), or $207 per share. As part of the agreement, CVS will pay Aetna shareholders $145 for each Aetna share in addition to 0.8378 CVS Health shares.

Equities Trading UP;

Astrotech Corp ASTC 46.72% shares shot up 50 percent to $4.10. Astrotech reported that it has completed its successful 1st Detect demo with with Department of Homeland Security and Transportation Security Administration personnel.

Shares of Pyxis Tankers Inc PXS 56.04% got a boost, shooting up 33 percent to $5.47 after climbing 103.98 percent on Friday. Maxim Group downgraded Pyxis Tankers from Buy to Hold.

General Cable Corporation BGC 34.06% shares were also up, gaining 34 percent to $29.20. Prysmian Group announced plans to acquire General Cable for $30.00 per share in cash.

Equities Trading DOWN;

Ra Pharmaceuticals Inc RARX 30.57% shares dropped 26 percent to $10.48 as the company reported reported interim results from Phase 2 study of RA101495 SC in paroxysmal nocturnal hemoglobinuria.

Shares of Finisar Corporation FNSR 5.19% were down 7 percent to $17.99. Needham & Company downgraded Finisar from Strong Buy to Buy.

Zogenix, Inc. ZGNX 9% was down, falling around 8 percent to $35.90 after the company disclosed new efficacy and safety data from its pivotal Phase 3 clinical trial of ZX008 in Dravet syndrome.


In commodity news, oil traded down 0.86 percent to $57.86 while gold traded down 0.41 percent to $1,277.00.

Silver traded up 0.01 percent Monday to $16.39, while copper rose 0.37 percent to $3.104.


European shares were higher today. The eurozone’s STOXX 600 surged 0.97 percent, the Spanish Ibex Index rose 1.22 percent, while Italy’s FTSE MIB Index jumped 1.08 percent. Meanwhile the German DAX gained 1.42 percent, and the French CAC 40 climbed 1.08 percent while U.K. shares rose 0.47 percent.


U.S. factory orders declined 0.1 percent for October, versus economists’ expectations for a 0.4 percent drop.

The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.

The TD Ameritrade Investor Movement Index for November is schedule for release at 12:30 p.m. ET.