Shares of MarketAxess Holdings Inc. MKTX slipped 4.80% to $519.91 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.56% to 3,577.59 and the Dow Jones Industrial Average DJIA rising 1.12% to 29,591.27. The stock's fall snapped a two-day winning streak. MarketAxess Holdings Inc. closed $86.54 short of its 52-week high ($606.45), which the company reached on November 9th.
The stock underperformed when compared to some of its competitors Monday, as CME Group Inc. Cl A CME rose 0.78% to $168.78, Intercontinental Exchange Inc. ICE rose 1.29% to $102.36, and Nasdaq Inc. NDAQ fell 0.25% to $126.01. Trading volume (194,725) remained 36,908 below its 50-day average volume of 231,633.