Toward the end of trading Monday, the Dow traded down 0.04% to 27320.89 while the NASDAQ rose 0.09% to 8251.34. The S&P also fell, dropping 0.07% to 3,011.56.
Leading and Lagging Sectors
In trading on Monday, energy shares fell 0.9%.
Citigroup Inc (NYSE: C) reported better-than-expected results for its second quarter.
Citigroup posted quarterly earnings of $1.95 per share on revenue of $18.76 billion. However, analysts were expecting earnings of $1.82 per share on revenue of $18.49 billion.
Equities Trading UP
Capricor Therapeutics, Inc. (NASDAQ: CAPR) shares shot up 156% to $8.23 after the company announced its interim analysis in the HOPE-2 trial to treat patients with duchenne muscular dystrophy showed statistically significant results.
Galapagos NV (NASDAQ: GLPG) shares were also up, gaining 17% to $170.75 after the company announced it has entered into a research and development collaboration with Gilead Sciences, Inc. (NASDAQ: GILD). Gilead said it will make a $3.95-billion upfront payment and $1.1-billion equity investment in the Belgian pharmaceutical company, according to a Sunday press release.Galapagos intends to use the proceeds to expand its research and development programs.
Equities Trading DOWN
Callon Petroleum Company (NYSE: CPE) shares tumbled 16% to $5.39 after the company announced it will acquire Carrizo Oil & Gas for $3.2 billion.
Shares of ShiftPixy, Inc. (NASDAQ: PIXY) were down 17% to $0.6092 after the company postponed its Q3 earnings to an undisclosed date.
YogaWorks, Inc. (NASDAQ: YOGA) was down, falling 32% to $0.44 after the company announced it will delist its shares from Nasdaq.
In commodity news, oil traded down 1.3% to $59.42, while gold traded up 0.1% to $1,412.40.
Silver traded up 0.9% Monday to $15.365, while copper rose 0.7% to $2.714.
European shares closed higher today. The eurozone’s STOXX 600 rose 0.23%, the Spanish Ibex Index rose 0.33%, while Italy’s FTSE MIB Index slipped 0.02%. Meanwhile, the German DAX gained 0.52%, and the French CAC 40 rose 0.1% while UK shares rose 0.34%.
The Empire State manufacturing index rose 12.9 points to 4.3 in July. However, economists were projecting a reading of 0.5.
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