Wall Street was mixed in early trading on Monday after data revealed pending-home sales fell in October.
In company news, BlackBerry Ltd. (NASDAQ: BBRY) shares rose 1.48 percent to $6.33 in morning trading on Monday after the struggling smartphone maker announced James Yersh will replace Brian Bidulka as chief financial officer. In addition, Chief Operating Officer Kristian Tear and Chief Marketing Officer Frank Boulben will also leave.
Meanwhile, Wal-Mart Stores, Inc. (NYSE: WMT) shares edged up 0.94 percent to $80.56 early in the session after the world’s largest retailer said Doug McMillon would succeed Mike Duke as president and CEO on Feb. 1.
In separate news, J.C. Penney Company, Inc. (NYSE: JCP) will be replaced by Ingersoll-Rand’s (NYSE: IR) commercial and residential security unit Allegion in the S&P 500 Index after the close of trading on Friday, Nov. 29. The retailer will then move to the S&P MidCap 400, replacing teen retailer Aeropostale Inc. (NYSE: ARO).
Shares of J.C. Penney jumped 4.06 percent to $9.21 in morning trading.
The Dow Jones industrial average rose 36.38 points, or 0.23 percent, at 16,101.15. The S&P 500 Index was up 1.07 points, or 0.06 percent, at 1,805.83. The Nasdaq Composite Index was up 1.99 points, or 0.05 percent, at 3,993.84.