PFPT - These 2 Stocks Soared Monday Morning
Wall Street came into the new week in a good mood, as major market benchmarks moved further toward or into all-time record territory. Investors haven't yet gotten spooked by potential changes to the tax code and are instead focusing on upbeat outlooks from many companies reporting earnings. As of 11:30 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 48 points to 34,091. The S&P 500 (SNPINDEX: ^GSPC) had moved higher by 13 points to 4,193, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had climbed 86 points to 14,103.
Investors have seen promise in many different parts of the economy lately. Freeport-McMoRan (NYSE: FCX) moved higher on Monday morning as market participants celebrated renewed attention to infrastructure spending opportunities in the mining industry . Yet there's also ample appetite for tech stocks, as a potential strategic play for Proofpoint (NASDAQ: PFPT) dramatically boosted its share price.
Shares of Freeport-McMoRan were higher by 7% Monday morning. The mining giant got a boost from favorable price action in a key commodities market.
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These 2 Stocks Soared Monday Morning