Market Wrap: Asian Selling Hits Gold Prices; Lockheed Martin Moves to Acquire Sikorsky; Merger Monday - InvestingChannel

Market Wrap: Asian Selling Hits Gold Prices; Lockheed Martin Moves to Acquire Sikorsky; Merger Monday

Market wrap for July 20th

End of the Day: S&P 500 up 1.6 to 2,128.28; Dow Jones up 14.0 to 18,100.41; Nasdaq up 8.7 to 5,218.86

Market Brief: U.S. markets gained as gold prices got hit on Monday amid a sell-off in Asia. Leading the charge higher was a slew of solid quarterly reports from Morgan Stanley, Hasbro, and Halliburton, while M&A activity also took center stage as several large and key deals were announced.

PayPal completed its spinoff from eBay, rising over 5 percent on its debut.

Greece banks also reopened for the first time in