Mid-Morning Market Update: Markets Mostly Flat; Washington Companies Proposes To Acquire Dominion Diamond
March 20, 2017 - 10:03am
Following the market opening Monday, the Dow traded up 0.03 percent to 20,919.92 while the NASDAQ declined 0.02 percent to 5,900.02. The S&P also fell, dropping 0.12 percent to 2,375.28.
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 Internet Gold Golden Lines Ltd (NASDAQ: IGLD).
In trading on Monday, energy shares fell 0.46 percent. Meanwhile, top losers in the sector included PrimeEnergy Corporation (NASDAQ: PNRG), down 9 percent, and Scorpio Tankers Inc. (NYSE: STNG), down 5 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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