Dow stocks were in the green on Monday, with Boeing (BA, Financial) and Walgreens (WBA, Financial) leading gains in the index. The Dow Jones Industrial Average gained 0.01% to 27,684, the S&P 500 index fell 0.21% to 3,086 and the Nasdaq Composite Index slid 0.20% to 8,458.
Non-index stocks have also posted gains and losses recently. Shares of Brookfield Renewable Partners L.P. (BEP, Financial) gained almost 1.5% on Monday after it announced third-quarter results. The company posted a loss of 17 cents per share, falling 18 cents short of earnings estimates. Revenue of $642 million also fell $7 million short of expectations.
During the quarter, the company generated funds from operations of $133 million, up from $105 million in the prior-year quarter. The hydroelectric segment generated funds from operations of $125 million, up 20% from a year ago. The generation was below the long-term average level, but so far this year has exceeded the long-term average by 5%. The wind and solar segments generated $72 million in funds from operations, up 20%, and the storage and other segments generated $6 million.
During the quarter ended June 30, Jim Simons (Trades, Portfolio)' Renaissance Technologies reduced its holding by 19% to 32,338 shares.
Gainers
- Boeing Co. (BA, Financial) +5.1%
- Walgreens Boots Alliance Inc. (WBA, Financial) +4.6%
- NVR Inc. (NVR, Financial) +4.4%
- Gap Inc. (GPS, Financial) +2.8%
- Macy's Inc. (M, Financial) +2.3%
Losers
- Newell Brands Inc. (NWL, Financial) -4.5%
- Coty Inc. (COTY, Financial) -3.8%
- Wynn Resorts Ltd. (WYNN, Financial) -3.7%
- Freeport-McMoRan Inc. (FCX, Financial) -3.6%
- AmerisourceBergen Corp. (ABC, Financial) -2.5%
Global markets
The main European stock markets traded in the red.The U.K.'s FTSE 100 fell 0.42%, France's CAC 40 advanced 0.07%, Germany's Dax dipped 0.23% and Spain's IBEX 35 declined 0.06%.
In Asia, Japan's Nikkei 225 fell 0.26%, India’s BSE Sensex gained 0.05%, Hong Kong's Hang Seng declined 2.72% and China's Shanghai Composite swelled 1.86%.
Disclosure: The author holds no positions in any stocks mentioned.
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