U.S. stocks ended slightly higher on Monday after a mostly listless day of trading. The Nasdaq composite managed to eke out its second straight record high.
Technology stocks rose more than the rest of the market. Gold slumped to its lowest level in five years, pulling mining stocks lower. A nearly three-week slump in oil prices deepened.
The Dow Jones industrial average gained 13.96 points, or 0.1 percent, to 18,100.41. The Standard & Poor’s 500 index added 1.64 points, or 0.1 percent, to 2,128.28. The Nasdaq rose 8.72, or 0.2 percent, to 5,218.86, eclipsing its previous record set on Friday.
The three major indexes are up for the year. The S&P is up 3.4 percent, while the Dow is up 1.6 percent. The Nasdaq has gained 10.2 percent this year.
Stocks briefly wavered in early trading Monday, but mostly remained on course for a gain as traders reviewed the latest earnings reports.
CF Industries Holdings, Inc. (NYSE:CF) decreased -5.70% and closed at $64.99 in the last trading session with the overall traded volume of 5.55 million shares, versus the average volume of 2.56 million shares. Its fifty two week range was $47.89-$70.32. It has market cap of $16.22 billion while its total outstanding shares are 235.35 million. CF Industries Holdings, Inc. (NYSE:CF) recently confirmed that it is in preliminary discussions with OCI N.V. (NYSE Euronext: OCI) regarding a potential combination involving certain of OCI’s businesses. There can be no assurances that these discussions will result in any transaction. CF Industries does not intend to comment further at this stage and any further statements will be made if and when appropriate.
Rice Energy Inc (NYSE:RICE) moved down -5.68% with the closing price of $18.60. The overall volume in the last trading session was 1.96 million shares. Its fifty two week range was $16.04-$30.51. The total market capitalization remained $2.69 billion while its total outstanding shares are 136.30 million. Rice Energy Inc. (NYSE:RICE) will host a conference call on August 6, 2015 at 9:00 a.m. Eastern time (8:00 a.m. Central time) to discuss second quarter 2015 financial and operating results. To listen to a live audio webcast of the conference call, please visit Rice Energy’s website at www.riceenergy.com.
Abraxas Petroleum Corp. (NASDAQ:AXAS) decreased -5.68% to close at $2.16 in the last trading session and its total traded volume was 1.36 million shares versus average volume of 939,681.00 million. The company has market cap of $243.18 million while its total outstanding shares are 106.19 million. Abraxas Petroleum Corp. (NASDAQ:AXAS) will host its second quarter 2015 earnings conference call on Thursday, August 6, 2015 at 10 AM Central Time (11 AM Eastern Time). Abraxas plans to announce second quarter 2015 operating and financial results prior to the call. The conference call can be accessed by dialing 888.713.4205 and entering conference code 76710027.
McDermott International (NYSE:MDR) decreased -5.58% to closed at $4.57 and its overall volume in the last trading session was 2.74 million shares, versus average trading volume of 3.56 million. It has market cap of $1.15 billion while its total outstanding shares are 238.60 million. McDermott International Inc. (NYSE:MDR) publicized that it has been selected by Saudi Aramco as one of the winners of a global competition for a new Long Term Agreement (LTA) for future brownfield work in various fields in offshore Saudi Arabia. The LTA, which was signed on June 10, 2015, at Saudi Aramco headquarters in Saudi Arabia, establishes the terms and conditions by which McDermott can bid on future engineering, procurement, construction and installation (EPCI) opportunities in various fields in offshore Saudi Arabia.