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  1. Home
  2. / Investing
  3. / Technology

Market Wrap: Early Losses Don't Last

Takeover bid boosts Zulily.
By DAVID PELTIER Aug 17, 2015 | 04:33 PM EDT
Stocks quotes in this article: ZU, QVCA, S, SUNE, URBN, HD, TJX, WMT

U.S. stocks rebounded from earlier losses on Monday and the major averages finished the session 0.4% to 0.85% higher across the board. Health care and consumer discretionary names led the way higher, while energy stocks lagged. Elsewhere, the yield on the benchmark 10-year U.S. Treasury note fell three basis points to 2.168%.

Zulily (ZU) was the big winner on Monday, gaining 49%. The company received a $2.4 billion takeover bid from Liberty Interactive (QVCA). Sprint (S) was the most actively traded name on the session and moved 10% higher after announcing a new upgrade program for Apple's (AAPL) iPhone.

In after-hours action, SunEdison (SUNE) is up 6% on news it's creating a $1 billion investment vehicle with West Street Infrastructure Partners, to fund construction costs and acquire operating assets. Urban Outfitters (URBN) is also up more than 5% in reaction to its quarterly results.

Looking ahead to Tuesday morning, retailers Home Depot (HD), TJX (TJX) and Wal-Mart (WMT) headline the earnings calendar. On the economic front, we'll get a look at housing starts and building permits before the opening bell.

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TAGS: Investing | U.S. Equity | Technology | Stocks

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