U.S. stocks retreated on Monday morning, ahead of the federal holiday. The Dow Jones Industrial Average fell almost 250 points, or 0.89% to 25,756, the S&P 500 index lost 0.81% to 2,758, and the Nasdaq Composite Index slid 1.55% to 7,285.
Shares of OPKO Health Inc. (OPK, Financial) gained more than 16% on Monday after the company posted a third-quarter loss per share of 5 cents on revenue of $249.8 billion, reflecting 1.5% year-over-year growth. The company beat earnings estimates by 2 cents but fell short on revenue expectations by $14.24 million.
The costs of revenue and selling, general and administrative expenses decreased by 8%, or $19.5 million, compared to the 2017 period. R&D expenses were $30.2 million compared to $32.5 million.
Gainers
• NRG Energy Inc. (NRG, Financial)
• Conagra Brands Inc. (CAG, Financial)
• Coty Inc. (COTY, Financial)
• Dominion Energy Inc. (D, Financial)
• Xcel Energy Inc. (XEL, Financial)
Losers
• Edison International (EIX, Financial)
• Advanced Micro Devices Inc. (AMD, Financial)
• Qorvo Inc. (QRVO, Financial)
• General Electric Co. (GE, Financial)
Markets
The main European stock markets traded lower. The U.K.'s FTSE 100 fell 0.40%, France's CAC 40 lost 0.63%, Germany's Dax dipped 1.50% and Spain's Ibex 35 retreated 0.26%.
In Asia, Japan's Nikkei 225 jumped 0.09%, India’s BSE Sensex lost 0.98%, Hong Kong's Hang Seng advanced 0.12% and China's Shanghai Composite rose 1.22%.
Disclosure: The author holds no positions in any stocks mentioned.
