Nasdaq Posts Slight Gain, Biotechs Weigh

FOXBusiness

Nasdaq posts slight gain, biotechs weigh

Claman on Call: FBN’s Liz Claman with an after-hours web exclusive on the markets, Scott Walker’s presidential campaign and Apple’s electric car project.

Breaking news after the closing bell Monday; Gov. Scott Walker ended his 2016 presidential campaign at a press conference in Madison, Wisconsin. If you had been watching "Countdown to the Closing Bell," Republican Strategist Ed Rollins called this on our air.

Continue Reading Below

While the GOP candidacy pool thins out, the markets rallied Monday, lifting the Dow industrials out of correction territory, meaning it is no longer down more than 10% from it's all-time high back in May. The Dow jumped more than 125 points, while the S&P 500 rose nearly nine points. The Nasdaq was mostly flat.

Electric car companies are shaking in their chargers as Apple is making a big move into the auto industry. The company has designated efforts to build an electric car as a "committed project" and has set a target shipping date for 2019. This, according to the Wall Street Journal.

Apple jumped 1.5% Monday.

While Apple announced another potential innovation, one company may just be a one-hit wonder. Shares of GoPro tumbled more than 8% following a Barron's report saying the video camera maker's stock could fall to $25. GoPro settled at its lowest level since the company's IPO on June 26, 2014.

What do you think?

Click the button below to comment on this article.