Gold Gains Over 2%; Sally Beauty Earnings Top Views

U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining over 1% on Monday.

The Dow traded down 0.07% to 50,078.58 while the NASDAQ climbed 1.15% to 23,295.01. The S&P 500 also rose, gaining, 0.62% to 6,975.52.

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Leading and Lagging Sectors

Information technology shares gained by 1.1% on Monday.

In trading on Monday, consumer discretionary stocks fell by 0.8%.

Top Headline

Sally Beauty Holdings Inc (NYSE:SBH) posted better-than-expected earnings for the first quarter.

The company posted adjusted EPS of 48 cents, beating market estimates or 46 cents. The company's quarterly sales came in at $943.168 million versus expectations of $940.150 million.

Equities Trading UP
           

• Nexstar Media Group Inc (NASDAQ:NXST) shares shot up 12% to $248.00. President Donald Trump endorsed Nexstar Media Group's $6.2 billion acquisition of Virginia-based television broadcaster Tegna Inc. (NYSE:TGNA) on Saturday, reversing his November opposition to the deal.
• Shares of Valaris Ltd (NYSE:VAL) got a boost, surging 24% to $77.44 after the company announced it will be acquired by Transocean for around $5.8 billion.
• Oracle Corp (NYSE:ORCL) shares were also up, gaining 8% to $154.85. DA Davidson analyst Gil Luria upgraded Oracle from Neutral to Buy and maintained the price target of $180.

Equities Trading DOWN

• Kyndryl Holdings Inc (NYSE:KD) shares dropped 53% to $10.98 after the company reported worse-than-expected third-quarter financial results and cut its FY26 adjusted pretax income and free cash flow guidance.
• Shares of Hims & Hers Health Inc (NYSE:HIMS) were down 25% to $17.22 after the company withdrew its weight-loss pill and after Novo Nordisk filed a lawsuit against the company for patent infringement. HHS General Counsel Mike Stuart posted on social media that it referred the company to the DOJ for investigation of potential violations.
• Pagaya Technologies Ltd (NASDAQ:PGY) was down, falling 21% to $14.69 after the company reported quarterly results

Commodities

In commodity news, oil traded up 0.8% to $64.05 while gold traded up 2.2% at $5,088.80.

Silver traded up 7.9% to $82.94 on Monday, while copper rose 0.7% to $5.9250.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 gained 0.33%, while Spain's IBEX 35 Index rose 0.69%. London's FTSE 100 fell 0.15%, Germany's DAX gained 0.75% and France's CAC 40 rose 0.25% during the session.

Asia Pacific Markets

Asian markets closed higher on Monday, with Japan's Nikkei jumping 3.89%, Hong Kong's Hang Seng Index gaining 1.76%, China's Shanghai Composite gaining 1.41% and India's BSE Sensex gaining 0.58%.

Economics

Data on consumer inflation expectations will be released today.

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