Following the market opening Monday, the Dow traded up 0.64 percent to 21,997.64 while the NASDAQ climbed 1.05 percent to 6,322.29. The S&P also rose, gaining 0.87 percent to 2,462.55.
Leading and Lagging Sectors;
In trading on Monday, energy shares rose by just 0.2 percent. Meanwhile, top losers in the sector included PrimeEnergy Corporation PNRG 6.02%, down 6 percent, and Nabors Industries Ltd. NBR 4.71%, down 3 percent.
VF Corp VFC 2.42% announced plans to acquire Williamson-Dickie for $820 million in cash and raised its FY17 guidance.
The deal is expected to complete early in the fourth quarter.
Equities Trading UP;
Foresight Autonomous Holdings Ltd. FRSX 41.31% shares shot up 38 percent to $6.43. Chardan Capital initiated coverage on Foresight Autonomous with a Buy rating and a $15.00 price target.
Shares of CEL-SCI Corporation CVM 25.52% got a boost, shooting up 39 percent to $3.21 as the company disclosed that Phase 3 head & neck cancer trial’s clinical hold has been removed by the FDA.
Neff Corp NEFF 17.85% shares were also up, gaining 18 percent to $25.70 as the company reported that it has received a $25 per share acquisition offer from a ‘strategic bidder.’
Equities Trading DOWN;
Sorl Auto Parts, Inc. SORL 17.95% shares dropped 16 percent to $5.87 after the company reported weak Q2 results.
Shares of Zynerba Pharmaceuticals Inc ZYNE 14.08% were down 20 percent to $5.64 after the company disclosed that its Phase 2 STOP trial did not meet its primary endpoint. However, the company trial did meet some secondary endpoints.
JD.Com Inc(ADR) JD 3.01% was down, falling around 5 percent to $43.52 after the company posted a wider net loss for the second quarter. The company’s net loss attributable to shareholders widened to 496.4 million yuan ($74.43 million), versus 252.3 million yuan in the year-ago period.
In commodity news, oil traded down 0.47 percent to $48.59 while gold traded down 0.43 percent to $1,288.50.
Silver traded down 0.29 percent Monday to $17.02, while copper fell 0.29 percent to $2.9035.
European shares were higher today. The eurozone’s STOXX 600 gained 0.88 percent, the Spanish Ibex Index rose 1.47 percent, while Italy’s FTSE MIB Index surged 1.23 percent. Meanwhile the German DAX climbed 1.16 percent, and the French CAC 40 gained 0.96 percent while U.K. shares rose 0.47 percent.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.