U.S. stock markets were trading in positive territory on Monday morning, with tech stocks leading the way. Investors are cautious about Turkey's economic situation after its lira plunged about 20% in two days.
Shares of Seven Stars Cloud Group Inc. (SSC, Financial) fell on Monday morning after the company posted a second quarter loss of 12 cents on revenue of $132.99 million, higher than the $43.3 million for the same period in 2017, an increase of more than 200%. The increase compared was due to the expanding supply chain management business initiated in November 2017.Â
Chairman and CEO Bruno Wu said: "We are performing at a high-level across the organization and, as a result, we are on a path to execute on our strategy in the second half of 2018. We are positioning the company to be a leading global fintech and asset digitization service provider, and we are setting the Company on a track for high-growth and profitability.”
Gainers
• Sysco Corp. (SYY)
• Advanced Micro Devices Inc. (AMD, Financial)
• NVIDIA Corp.”‹ (NVDA, Financial)
• Nektar Therapeutics (NKTR, Financial)
Losers
• Hologic Inc. (HOLX, Financial)
• DISH Network Corp. (DISH)
• Goodyear Tire & Rubber Co. (GT, Financial)
• Harley-Davidson Inc. (HOG, Financial)
Global markets
The main European stock markets tradedin the red. The U.K.'s FTSE 100 retreated 0.31%, France's CAC 40 fell 0.04%, Germany's Dax lost 0.48% and Spain's Ibex 35 swelled 0.78%.
In Asia, Japan's Nikkei 225 slid 1.98%, India’s BSE Sensex fell 0.59%, Hong Kong's Hang Seng lost 1.52% and China's Shanghai Composite retreated 0.34%.
Disclosure: The author holds no positions in any stocks mentioned.
