Ellie Mae (ELLI) is the Barchart Chart of the Day. The mortgage origination software company has a Trend Spotter buy signal, a Weighted Alpha of 171.70+ and gained 172.06% in the last year.
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Dow Chemical will cut about 3 percent of its global workforce as it prepares to break off a significant part of its chlorine operations in a deal announced earlier this year with Olin Corp. (full story)
NEW YORK (AP) — U.S. stocks gained Monday, pushing the market close to record levels, as investors assessed corporate earnings. Stocks also got a lift from a report that showed factory orders rose in March for the first time since last summer. (full story)