KODK - The 2 Biggest Stock Market Stories on Monday Morning
The stock market got out to a mixed start on Monday morning, with market participants pulling back somewhat from the surge that took all three major market benchmarks to record highs on Friday. For more than a month now, investors have largely ignored negative warning signs, with declines proving simply to be short-term pullbacks that provided only brief pauses in the bull market. As of 11 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 145 points to 30,073, still clinging to the 30,000 level. The S&P 500 (SNPINDEX: ^GSPC) was down 5 points to 3,965, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) pushed further into record territory with a 55-point gain to 12,518.
One of the biggest gainers in the stock market on Monday morning was Eastman Kodak (NYSE: KODK) , as the Rochester-based company famous for its photographic products got some long-awaited good news about a new opportunity. Meanwhile, privately held Airbnb came a little closer to following through on its long-delayed initial public offering, and everything's pointing to strong demand for the travel company's shares once they're available to investors.
Image source: Getty Images.
For further details see:
The 2 Biggest Stock Market Stories on Monday Morning