U.S. stocks were in positive territory on Monday, leaving behind some fears regarding the U.S.-China trade dispute.The Dow Jones Industrial Average advanced 0.14% to 24,423, the S&P 500 index gained 0.18% to 2,637 and the Nasdaq Composite Index rose 0.74% to 7,020.
Shares of Mitek Systems Inc. (MITK, Financial) rose 8.7% on Monday after ASG Technologies Group increased its previous buyout offer to $11.50 per share in cash.
In a letter sent to the Mitek board of directors two weeks ago, ASG CEO Charles Sansbury said that the new offer price is a 73% premium the Oct. 9 price.
Further, the letter said the transaction will not be subject to any financing conditions.
The stock closed at $9.75, so it still provides some upside potential.
Gainers
- Broadcom Inc. (AVGO, Financial)
- Lockheed Martin Corp. (LMT, Financial)
- Cooper Companies Inc. (COO, Financial)
- H & R Block Inc. (HRB, Financial)
- Align Technology Inc. (ALGN, Financial)
Losers
- Apache Corp. (APA, Financial)
- Under Armour Inc. (UA, Financial)
- Marathon Oil Corp. (MRO, Financial)
- KeyCorp (KEY, Financial)
- Mattel Inc. (MAT, Financial)
Global markets
The main European stock markets traded lower. The U.K.'s FTSE 100 fell 0.83%, France's CAC 40 lost 1.47%, Germany's Dax tumbled 1.54% and Spain's IBEX 35 retreated 1.76%.
In Asia, Japan's Nikkei 225 fell 2.12%, India’s BSE Sensex lost 2.0%, Hong Kong's Hang Seng slid 1.19% and China's Shanghai Composite dipped 0.82%.
Disclosure: The author holds no positions in any stocks mentioned.