Mr. Market Takes a Breather and Investors Stay Bullish: Market Recap

U.S. stock markets were a mixed back on Monday. A lack of major economic catalysts gave investors time to take a breather and reflect on last Friday’s jobs report, which sent the markets into a frenzy.

DJIA: -0.03% to 14,968.90 S&P 500: +0.19% to 1,617.50 NASDAQ: +0.42% to 3,392.97
Gold: +$5.30 to $1,469.50 per ounce Oil: +$0.18 to $95.79 per barrel U.S. 10-Year: +0.024 to 1.763%

Why Are American Investors Feeling So Bullish? With an increasing amount of economic data suggesting that the United States economy has slowed in recent weeks, one would expect investors to feel slightly less bullish. But, according to TD Ameritrade’s Investor Movement Index, numbers indicate that April maintained an overall bullish trend… (Read more.)

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European Economic Backdrop Darkens: Overall economic output in the eurozone declined for the fifteenth consecutive month in April, according to the final Eurozone Composite Output Index compiled by Markit. The final reading of 46.9 was just slightly better than March’s 46.5, and indicates that the region remains mired in economic contraction… (Read more.)

European Rescue Mission: Will ECB Cut Interest Rates Even Lower? European Central Bank President Mario Draghi has announced the possibility of reduced interest rates for European banks, only a week after the central bank brought them to a record low. Markets responded, with the euro falling around a half percent against the dollar to $1.3063. European stocks were down slightly as well… (Read more.)

Here’s your Cheat Sheet to today’s top stock stories:

BMC Software (NASDAQ:BMC) announced on Monday that it has signed a definitive agreement to be acquired by a private investor group led by Bain Capital and Golden Gate Capital for $46.25 per share, or approximately $6.9 billion.

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Cliffs Natural Resources (NYSE:CLF) closed the day up 5.5 percent after analysts at FBR Capital upgraded the stock from Market Perform to Outperform with a price target of $28.00. The upgrade punctuates losses of more than 48 percent this year to date, and has brought the stock right up against its 50-day moving average.

Tyson Foods (NYSE:TSN) closed the day down 3.3 percent after reporting underwhelming earnings. Revenue climbed 1.83 percent to $8.42 billion, missing the average estimate of $8.58 billion. Adjusted earnings decreased 18.18 percent to $0.36 per share, missing the average estimate of $0.45 per share… (Read more.)

Intel (NASDAQ:INTC) closed the day down 0.21 percent. The company’s McAfee unit announced that it has offered to buy Stonesoft Oyj for $389 million in cash.

Disney (NYSE:DIS) stock closed the day up 0.40 percent as Iron Man 3 continues to pull in tremendous amounts of cash. The film has generated more than $680 million in worldwide sales since its debut 12 days ago, and cost about $200 million to produce. Nearly 75 percent of the film’s gross so far has come from abroad.

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Berkshire Hathaway (NYSE:BRKB) Class B stock closed the day up 1.25 percent after hitting a fresh record high of $111.25 per share. Earnings at Warren Buffett’s holding company jumped 51 percent on the back of strong performance by its insurance companies, while revenue grew 15 percent.

MBIA (NYSE:MBI) closed up 45 percent after reaching a $1.6 billion settlement with Bank of America (NYSE:BAC). BofA was forced to pay cash to the insurance company to resolve long-running litigation over swap deals and senior debt.

Apple (NASDAQ:AAPL) stock closed the day up 2.38 percent. The company took the number-one spot in the Barron’s 500. The publication reports that “Apple has shown what it takes — terrific sales growth and wisely deployed cash flow — to be a winner in our annual ranking, which seeks to identify businesses that have done the best job of investing for growth.” The stock also received an upgrade from analysts at Barclays… (Read more.)