Mid-Day Market Update: Nektar Surges After Positive Results From NKTR-181 Study; Cerulean Pharma Shares Drop
March 20, 2017 - 12:13pm
Midway through trading Monday, the Dow traded up 0.16 percent to 20,947.67 while the NASDAQ climbed 0.11 percent to 5,907.59. However, the S&P fell 0.03 percent to 2,377.54.
Leading and Lagging Sectors
Monday morning, the telecommunications services sector proved to be a source of strength for the market. Leading the sector was strength from China Mobile Ltd. (ADR) (NYSE: CHL) and TIM Participacoes SA (ADR) (NYSE: TSU).
In trading on Monday, utilities shares fell 0.52 percent. Meanwhile, top losers in the sector included RGC Resources Inc. (NASDAQ: RGCO), down 4 percent, and Cia Energetica de Minas Gerais CEMIG-ADR (NYSE: CIG), down 3 percent.
The Washington Companies proposed to acquire Dominion Diamond Corp (NYSE: DDC) for US$13.50 per share in cash.
Equities Trading UP
Esperion Therapeutics Inc (NASDAQ: ESPR) shares shot ...Full story available on Benzinga.com
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