Stocks were mostly higher on Monday, with financial shares taking the lead, shrugging off doubts that French election results would have a negative impact on Europe's ability to tackle its debt crisis.
In corporate news, Vertex Pharmaceuticals (NASDAQ:VRTX) was higher by 54.5 percent after data showed that the company's cystic fibrosis drug Kalydeco led to a significant lung function improvement.
Cognizant Technologies Solutions (NASDAQ:CTSH) shares fell by 18.9 percent after after the company cut profit and revenue outlooks.
PepsiCo (NYSE:PEP) shares were higher by 1.2 percent after Morgan Stanley (MS) issued a postive report on the U.S. beverage industry, raising its outlook to attractive.
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