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Abiomed Inc. said late Monday it expects third-quarter revenue that is higher than the Wall Street consensus estimate. The medical device company said it sees preliminary third-quarter revenue of $85.8 million, a 38% increase from the year-ago quarter. Analysts surveyed by FactSet had forecast revenue of $78.9 million. Shares of Abiomed were flat at $85 in after-hours trading.

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U.S. stocks eked out small gains after dipping in and out of negative territory throughout the session on Monday. The S&P 500 and Dow Jones Industrial Average snap a three-day losing streak, that marked the worst opening week of the year in history. A 6% plunge in oil prices hit energy and materials stocks, limiting gains on the main indexes. The S&P 500 closed 1.64 points, or less than 0.1%, higher at 1,923.67. The Dow Jones Industrial Average added 52.12 points, or 0.3% to 16,398.57. Meanwhile, the Nasdaq Composite ended the day down 5.64 points, or 0.1%, at 4,637.99, falling for the eighth consecutive session. The Russell 2000 dipped into a bear-market territory earlier in the session, but closed off session lows, down 3.54 points, 0.3% at 1,042.64, according to preliminary data on FactSet.

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Thirty-two percent of shoppers used the “click and collect” purchasing method this holiday season, purchasing items online and then picking them up in-store, according to the Holiday Consumer Purchasing Trends study published by the International Council of Shopping Centers (ICSC). Sixty-nine percent of those shoppers purchased items when they were in stores to collect their digital purchase, and 36% made a purchase at a nearby store. Nearly all consumers, 91%, purchased items in a physical store during the holidays. More than 1,000 adult consumers were surveyed between Dec. 28 and Dec. 30 for this study.

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Hillary Clinton called on Monday for a surcharge of 4% on incomes of $5 million or more a year. Clinton spoke about the proposal in Iowa, which will hold the first-in-the-nation presidential caucuses in three weeks. An aide said the proposal is part of her plan to expand the so-called Buffett rule for taxing wealthy Americans.

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WASHINGTON (MarketWatch) – The Federal Reserve may not have enough data on inflation to support a second hike in interest rates in January or March, said Atlanta Fed President Dennis Lockhart, on Monday, according to Reuters. In comments to reporters after a speech, Lockhart said “how much will we know about inflation trends or inflation developments going into the mid-March meeting? We will have some data but not a great deal more,” Lockhart said.

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Oil futures fell on Monday, with prices settling under $32 a barrel for the first time in more than 12 years. Concerns over the world’s glut of crude supplies, risks of a slowdown in energy demand from China and expectations that Iran will soon add a significant amount of oil to the global market combined to send prices lower for a sixth straight session. February crude fell $1.75, or 5.3%, to settle at $31.41 a barrel on the New York Mercantile Exchange. WTI prices settled at their lowest level for a most-active contract since Dec. 5, 2003, according to FactSet.

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The Russell 2000 index , which gauges the performance of small-capitalization stocks, is off 1.3% intraday to 1,032 and is now 20% below its all-time high, set on June 23, 2015 — a move which represents the traditional definition for an asset falling into bear-market territory. The last bull market lasted 935 trading days, the longest since the bull market from October 2002 through July 2007, during which the index more than doubled, according to FactSet data.

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The Dow Jones Transportation Average is shedding 0.9% in midday trade Monday, underperforming the broader market by a wide margin, as it heads for the lowest close since October 2013. The index is on track for a fourth-straight loss, which would be the longest losing streak since the six-session streak ending Aug. 25, and the seventh in the last eight sessions. It has tumbled 25% since its Dec. 29, 2014 record close of 9,217.44, meaning it is in the midst of its first bear market since the Great Recession. In contrast, its sister index, the Dow Jones Industrial Average , was down 8 points, or 0.1%, and was 11% below its May 19, 2015 record close of 18,312.39. Among the Dow transports’ biggest losers on Monday, shares of Norfolk Southern Corp. shed 2.7%, of C.H. Robinson Worldwide Inc. slid 2.4% and FedEx Corp. slumped 1.9%.

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From:: Stock Market News