The benchmark 10-year Treasury rose 3/32, diluting the yield to 1.628%. The greenback fell 0.10%, according to the
In corporate news,
was a big mover to the upside after the company
reached a deal
to provide its mapping and location services for
(WEN - Get Report)
shares tumbled 6.1% after Janney Capital cuts its view on the quick-service hamburger stock to neutral and brought down its valuation forecast on Wendy's to $4.75, estimating flat to a 2% decline in North American same-store sales.
MidAmerican Energy subsidiary agreed to buy two wind projects under construction about 120 miles north of Los Angeles from wind developer
. Berkshire shares added less than 1% on the news.
posted first-quarter earnings of 39 cents a share, up from 13 cents a share the same time last year as revenue increased 12% to $272.9 million, reflecting higher average market prices for shell eggs. Analysts were expecting earnings of 40 cents a share on revenue of $282 million. Shares closed up 1.7%.
(GS - Get Report)
shares rose 2.8% after a
article over the weekend suggested the stock could rise 25% next year.
--Written by Andrea Tse and Joe Deaux in New York.
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