Monday, 10 April 2017

S&P 500 Were Up, Oil Prices Rose

Dow e-minis 1YMc1 were up 12 points, or 0.06 percent, at 8:27 a.m. ET, with 19,034 contracts changing hands.
S&P 500 e-minis ESc1 were up 2.5 points, or 0.11 percent, with 124,848 contracts traded.
Nasdaq 100 e-minis NQc1 were up 3.5 points, or 0.06 percent, on volume of 19,954 contracts.

Oil prices rose more than 1 percent on Monday, with Brent crude LCOc1 moving above $55 per barrel following a shutdown at Libya's largest oilfield and tension over Syria after a U.S. missile strike.

Federal Reserve Chair Janet Yellen is scheduled to speak in Michigan after markets close. Investors will be looking to clues on the central bank's plans to trim its $4.5 trillion balance sheet after recent comments from Fed officials.

Shares of Straight Path Communications (STRP.N) surged more than two-fold to $92.99 premarket after AT&T (T.N) said it would buy the company for $95.63 per share in an all-stock deal.

Swift Transportation (SWFT.N) rose 14.4 percent to $22.90 after it announced a merger with fellow trucking company Knight Transportation (KNX.N). Knight's shares were up 2.6 percent.

Generic drugmaker Akorn (AKRX.O) was up 11 percent at $32.99 after confirming that it was in talks to be bought by German healthcare group Fresenius.

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