Stocks higher on merger Monday

 

U.S. stocks are indicating a higher open Monday on news of a couple of big mergers broke over the weekend. The S&P is up 0.39% and the Dow is up 0.40%.

Asian markets closed higher Monday after trade data in Japan, while weak, beat earnings estimates. The Nikkei added  0.29% while the Hang Seng rose 0.98%.

European stocks are also higher today. The FTSE is up 0.13%, while the DAX is up 0.91%.

Energy futures are lower today. The price for West Texas Intermediate crude oil is down $0.65 to $50.20 per barrel, while natural gas is down $0.02 to $2.97. Metals prices are mixed this morning. Gold is down $0.92 to $1,265.54 per ounce and platinum is up $6.76 to $940.76. The Dollar is up against the Euro and down against the Yen.

Synchrony Financial (ALKS), Coach (COH), and Skyworks Solutions  (SWKS) are early risers, while Flowserve  (FLS), SunTrust Banks  (STI), and Charles Schwab (SCHW) are down. [InvestorsKeyhole, news and data sources]

Symbols: ALKS COH FLS SCHW STI SWKS
Bobby Raines

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.

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