Market Focus

Mylan 

Mylan’s shareholders overwhelmingly approved the drug maker’s bid for Perrigo. This allows the firm to launch a tender offer for the company’s shares in the next few weeks. Perrigo has rejected the deal and said it doesn’t think its own shareholders will sell shares to the firm. Mylan was off two percent to $50.37. Perrigo also slipped 1.5  percent to $185.42.

United Continental & Activision Blizzard 

Shares of United Continental and Activision Blizzard rose in today’s session. Right after the closing bell, the airline and the video game maker were added to the S&P 500 index. The firms will replace Pall Corp and Hospira. United Continental popped seven percent to $57.12. Activision Blizzard was more than 4.5 percent higher to close at $29.22.

Apple & Boeing 

Dow components Apple and Boeing are reportedly teaming up with the Department of Defense. The firms will be creating wearable technology for the U.S. armed forces. Apple was up a fraction to $113.29. Boeing was up one percent to $133.24.

Gamestop 

Gamestop beat Wall Street’s earnings and revenue estimates. The video game seller issued guidance that disappointed some investors. Shares tumbled eight percent, making it the worst performer in the S&P 500 today, closing at $42.49.

Big Lots 

And Big Lots also reported results that topped consensus. The firm hiked its full-year forecast as improvements in its merchandise mix helped results. Shares climbed more than 15 percent to $48.58.

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