Mid-afternoon market update: Nasdaq gains 50 points; Marin Software shares plummet

Toward the end of Monday’s session, the Dow Jones was trading 0. 02% higher at 34,941. 69 while the NASDAQ was up 0. 37% at 14,727. 42.

The United States has the number of coronavirus cases and deaths in the world, reporting a total of 35,004,590 cases with approximately 613,220 deaths, India has shown a total of at least 31,695,950 cases and 424,770 deaths, while Brazil has reported more than 19,938,350 cases of COVID. -19 with 556,830 deaths. Overall, there have been at least 198,392,550 cases of international COVID-19 with more than 4,225,600 deaths, according to knowledge compiled through Johns Hopkins University.

Global Payments Inc. (NYSE: GPN) reported better-than-expected second-quarter effects and raised its fiscal 21 forecast.

Global Payments reported quarterly earnings of $2. 04 consistent with participation, making analysts’ estimates of $1. 89 consistent with participation. The company’s adjusted sales were $1,940 million, beating analysts’ expectations of $1,850 million.

Global Payments said it now expects a BPA for fiscal 21 of $8. 07 to $8. 20 versus previous forecasts of $7. 87 to $8. 07. billion to its buyback program

Trading stocks higher

Shares of Immunovant, Inc. (NASDAQ: IMVT) fell 24% to $7. 96 after the company won a $200 million strategic investment from Roivant Sciences that the company will use to promote IMVT-1401 in several respects.

Shares of TG Therapeutics, Inc. (NASDAQ: TGTX) fell 21% to $27. 51 after the company posted a higher-than-expected quarterly loss.

Marin Software Incorporated (NASDAQ: MRIN) fell 14% to $7. 09 after the company reported an adjusted loss of $0. 21 consistent with the consistent percentage for the quarter of the time, compared with a loss of $0. 36 consistent with the consistent percentage a year ago. revenue fell 16% year-over-year to $6. 1 million.

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The eurozone’s IHS Markit production PMI rose to 62. 8 in July from an initial reading of 62. 6, up from 63. 4 in June. The UK’s IHS Markit/CIPS production PMI fell to 60. 4 in July from 63. 9 last month.

Retail sales in Germany rose 4. 2% in June after a 4. 6% expansion in May, while the production PMI was revised upwards to 65. 9 in July from an initial reading of 65. 6. the Italian production PMI fell from 62. 2 to 60. 3. The IHS Markit Spain production PMI fell to 59 in July from 60. 4 in June, while the customer confidence indicator fell 5. 5 points to 91. 9 in July.

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