National Instruments shares fall on weak outlook

National Instruments Corp. shares dropped after the company warned of worse-than-expected results due to weakness from industrial and wireless customers. National Instruments shares fell 10% to $27.04 after hours, following a halt before the outlook was released. The engineering tech product company forecast adjusted first-quarter earnings of 14 cents to 15 cents a share on revenue of $288 million. Analysts surveyed by FactSet had estimated earnings of 16 cents a share on revenue of $303 million.

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Oil futures post 2nd loss in a row on fading hope of production freeze

Oil futures ended lower Monday, falling for a second consecutive session after Saudi Arabia late last week indicated it won’t participate in a coordinated production freeze unless Iran changes course and agrees to take part. West Texas Intermediate oil for May delivery fell $1.09, or 3%, to end at $35.70 a barrel. The U.S. benchmark fell 4% on Friday.

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Gold settles lower as Fed’s Rosengren raises specter of early rate hike

Gold futures fell for a second session to close lower on Monday as the latest comments from a Federal Reserve official appear to negate the central bank’s relatively dovish stance. Boston Fed President Eric Rosengren said at a conference that the Fed could tighten monetary policy earlier than expected given the steady pace of economic recovery. Chairwoman Janet Yellen last week had stressed the need for the central bank to approach future rate hikes with caution. June gold fell $4.20, or 0.3%, to settle at $1,219.30 an ounce.

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Krispy Kreme pledges to switch to 100% cage-free eggs by 2026

Krispy Kreme Doughnuts said Monday it is switching to 100% cage-free eggs in a process it expects to complete by 2026. The move is the latest by a food company to adopt healthier and more humane practices. Shares were slightly higher in early afternoon trade, and are up 6% in the year so far, while the S&P 500 has gained 1.3%.

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General Electric’s stock drops sharply from 8-year high after analyst downgrade

General Electric Co.’s stock dropped 2.4% in midday trade Monday, after the manufacturing conglomerate was downgraded at Bernstein, which cited concerns over valuation. Analyst Steven Winoker cut his rating to market perform, after being at outperform since Aug. 5, 2014. Winoker said he considers GE a defensive stock, meaning continued expansion of its premium valuation is unlikely given that the outlook for the economy continues to improve. He said he also sees risks of rising competition in several of GE’s businesses, that growth in its health care segment will be challenged by pricing pressure and believes the success of its power and aviation businesses are already priced in. “For GE, it appears to us tht many sources of upside are now ‘baked into’ the current price and we still have many of the same risks…,” Winoker wrote in a note to clients. Through Friday, the stock had soared 12% in two months to close Friday at the highest level since May 2008.

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