Quick Look Market Closing Price:
At the close: Dow +0.37% to 13261. S&P +0.71% to 1418. Nasdaq +0.9% to 3120.
Treasurys: 30-year +0.23%. 10-yr +0.18%. 5-yr +0.11%.
Commodities: Crude +2.11% to $105.19. Gold +0.4% to $1678.55.
Currencies: Euro -0.1% vs. dollar. Yen -1.02%. Pound -0.15%.
After Hours News:
Shares of development-stage mobile phone software maker Vringo (VRNG +87.9%) nearly doubled today, apparently thanks to a weekend article by Tech Crunch’s James Altucher, in which he argues VRNG might stand to gain billions of dollars in a patent suit against Google (GOOG +0.9%) that could send shares of the search giant "to $0." Shares +5.4% AH.
SBA Communications (SBAC) files a secondary offering to sell 5.25M shares of common stock for holders. BofA Merrill Lynch is acting as sole underwriter for the offering. Shares -2.3% AH.
Cavium (CAVM) says Q1 results will miss guidance, coming in approximately 6% to 7% lower than revenue in Q4. The company notes revenues during the Q1 increased sequentially in its enterprise and data center markets, but declined in its service provider and broadband and consumer markets due to inventory de-stocking and delays in program depoyments. Shares -3.5% AH
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