Following the market opening Monday, the Dow traded up 0.32 percent to 23,433.14 while the NASDAQ climbed 0.08 percent to 6,788.28. The S&P also fell, dropping 0.06 percent to 2,580.40.

Leading and Lagging Sectors;

Monday morning, the non-cyclical consumer goods & services sector proved to be a source of strength for the market.

In trading on Monday, energy shares were relative laggards, down on the day by about 0.61 percent. Meanwhile, top losers in the sector included Cloud Peak Energy Inc. CLD 5.23%, down 6 percent, andGulfport Energy Corporation GPOR 5.83% down 5 percent.

Top Headline;

Marvell Technology Group Ltd. MRVL 0.25% agreed to acquire Cavium Inc CAVM 6.88% in a deal valued at around $6 billion.

Under the deal, Marvell will buy Cavium for $40 per share in cash and 2.1757 shares of its stock for each Cavium share.

Equities Trading UP;

Northern Technologies International Corp NTIC 15.41% shares shot up 15 percent to $20.31. Northern Technologies reported Q4 earnings of $0.30 per share on revenue of $10.90 million. The company also initiated a $0.10 per share dividend.

Shares of UTStarcom Holdings Corp UTSI 13.03% got a boost, shooting up 15 percent to $3.79. UTStarcom Holdings reported Q3 adjusted earnings of $0.07 per share on revenue of $26 million.

Tactile Systems Technology Inc TCMD 11.51% shares were also up, gaining 12 percent to $29.00. Tactile Systems will replace Lumos Networks Corp NASDAQLMOS in the S&P SmallCap 600 on Wednesday, November 22.

Equities Trading DOWN;

Ligand Pharmaceuticals Inc. LGND 5.35% shares dropped 5 percent to $133.48. Deutsche Bank downgraded Ligand Pharmaceuticals from Hold to Sell.

Shares of Gulfport Energy Corporation GPOR 5.83% were down 5 percent to $12.62. Barclays downgraded Gulfport Energy from Overweight to Equal-Weight.

Sunshine Heart Inc CHFS 10.11% was down, falling around 13 percent to $8.72 after dropping 21.58 percent on Friday.


In commodity news, oil traded down 0.73 percent to $56.14 while gold traded down 0.28 percent to $1,292.90.

Silver traded down 0.97 percent Monday to $17.205, while copper fell 0.13 percent to $3.087.


European shares were higher today. The eurozone’s STOXX 600 surged 0.24 percent, the Spanish Ibex Index rose 0.08 percent, while Italy’s FTSE MIB Index gained 0.06 percent. Meanwhile the German DAX gained 0.03 percent, and the French CAC 40 climbed 0.10 percent while U.K. shares rose 0.11 percent.


The index of leading economic indicators rose 1.2 percent for October.

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