NEW YORK (CNNMoney)
The market is lower in mid-morning trading, with the Dow Jones Industrial Average about 60 points down. The S&P 500 and Nasdaq Composite indexes were also around 0.5% lower.
Today's soft start comes after a record-setting close to last week that saw Dow finish above 17,000 for the first time ever. The Dow is hovering right around that level.
Here are some watch throughout today's trading:
1. The Return of King: King Digital (KING), the company behind the viral monster Candy Crush, has finally opened above its $22.50 IPO price more than three months after it started trading in late March. Shares on that disastrous first day dropped more than 15%. The stock is more than 4% higher so far in morning trading, staying just above the IPO mark.
2. Other tech movers: Expedia (EXPE)'s stock is slightly lower after it announced yesterday that it bought Australian travel website Wotif.com for $658 million. Australia-listed shares in Wotif, which operates throughout Southeast Asia, rose 25% on the news. Expedia is trading at an all-time high of around $82. Several analysts have recently upgraded the stocks price target to above $90.
BlackBerry (BBRY, Tech30)'s shares are up almost 6% this morning. The Economic Times of India reported over the weekend that the company would soon announce a joint health care services platform with tech firm Nathhealth. India is an important market for BlackBerry's Asia-Pacific division, which made 15.6% of the firm's revenue in the last quarter.
Related: See how Expedia and BlackBerry compare to the rest of CNNMoney's Tech 30
3. Other juicy acquisitions: Archer Daniels Midland (ADM), a big food and commodities company, purchased Wild Flavors for about $3.1 billion. Wild makes the popular Capri Sun juice, among other things. ADM's stock is flat in so far in today's trading.
Related: Investors didn't have much of a sweet tooth when King went public
4. Petsmart may be throwing investors a bone: Petsmart (PETM) stock is slightly higher this morning. The company said vaguely in a filing that it was considering ways to give money back to shareholders, though no concrete plans have been developed.
5. Overseas markets: European stocks are down in afternoon trading, with the FTSE 100 down about 0.6%. Asian stocks ended the day in mixed territory, though India's Sensex gained 0.5%.
First Published: July 7, 2014: 9:54 AM ET
Anda sedang membaca artikel tentang
Monday drop: Dow sinks below 17,000
Dengan url
http://kasiatbuatsehat.blogspot.com/2014/07/monday-drop-dow-sinks-below-17000.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Monday drop: Dow sinks below 17,000
namun jangan lupa untuk meletakkan link
Monday drop: Dow sinks below 17,000
sebagai sumbernya
0 komentar:
Posting Komentar