U.S. Markets closed

Stocks Close Lower on Monday

- By Omar Venerio

U.S. stocks were in negative territory on Monday. The Dow Jones Industrial Average fell 0.33% to 25,680, the S&P 500 index declined 0.67% to 2,840 and the Nasdaq Composite Index slipped 1.46% to 7,702.

Shares of Compugen Ltd. (CGEN) fell almost 0.3% on Monday after the company announced first-quarter results. Revenue was $0, down from $10 million in the prior-year quarter, reflecting the upfront payment of $10 million from the license agreement with MedImmune and AstraZeneca (AZN). The company reported a loss of 14 cents per share, beating analyst?s expectations by 3 cents.


"2019 continues to be marked by strong execution and we anticipate reaching additional important milestones in the second half of the year," President and CEO Anat Cohen-Dayag said.

Research and development expenses were $6.3 million, down from $7.1 million in the year-ago period. The decline was due to a cost reduction program announced by Compugen during the first quarter.

Gainers

  • Northrop Grumman Corp. (NOC)
  • Darden Restaurants Inc. (DRI)
  • News Corp. (NWS)
  • Cardinal Health Inc. (CAH)
  • HCA Healthcare Inc. (HCA)



Losers

  • Western Digital Corp. (WDC)
  • Qualcomm Inc. (QCOM)
  • DISH Network Corp. (DISH)
  • Applied Materials Inc. (AMAT)
  • Synopsys Inc. (SNPS)



Global markets

The main European stock markets traded lower. The U.K.'s FTSE 100 lost 0.51%, France's CAC 40 retreated 1.46%, Germany's Dax dipped 1.61% and Spain's IBEX 35 declined 0.87%.

In Asia, Japan's Nikkei 225 gained 0.24%, India's BSE Sensex jumped 3.75%, Hong Kong's Hang Seng slid 0.57% and China's Shanghai Composite fell 0.41%.

Disclosure: The author holds no positions in any stocks mentioned.

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This article first appeared on GuruFocus.