Mid-Day Market Update: Sysco Drops On Q4 Results, McEwen Mining Shares Rise

Midway through trading Monday, the Dow traded up 0.01 percent to 15,427.36 while the NASDAQ gained 0.28 percent to 3,670.20. The S&P fell, dropping 0.06 percent to 1,690.34. Top Headline
BlackBerry BBRY reported that its board of directors has formed a special committee to explore strategic alternatives, including sales of assets or a possible sale of the company. Equities Trading UP
McEwen Mining MUX shot up 10.20 percent to $2.22 after the company reported Q2 operational results. Shares of BlackBerry BBRY got a boost, shooting up 4.62 percent to $10.21 after the company reported that it was seeking strategic alternatives. Celldex Therapeutics CLDX was also up, gaining 7.24 percent to $20.32 after the company reported expansion of Phase 2 ReACT study in recurrent Glioblastoma. Equities Trading DOWN
Shares of Tesla Motors TSLA were down 3.17 percent to $148.15 after Lazard Capital Markets downgraded the stock from Buy to Neutral. Rambus RMBS shares tumbled 1.84 percent to $9.05 after the company announced proposed offering of $100 million aggregate principal amount of its convertible senior notes. Sysco SYY was down, falling 4.11 percent to $33.57 after the company reported an 8.5% drop in its fourth-quarter profit. Commodities
In commodity news, oil traded up 0.05 percent to $106.02, while gold traded up 2.11 percent to $1,339.90. Silver traded up 4.55 percent Monday to $21.34, while copper rose 0.17 percent to $3.31. Euro zone
European shares were mostly lower as the euro dropped on fears that a new fight was set over a third Greek bailout later this year. The Spanish Ibex Index dropped 0.22 percent and the Italian FTSE MIB Index rose 0.36 percent. Meanwhile, the German DAX gained 0.20 percent and the French CAC 40 fell 0.12 percent while U.K. shares declined 0.14 percent. Economics
The Treasury monthly budget report for July will be released at 2:00 p.m. ET.