U.S. stocks traded lower midway through trading, with the Dow Jones index falling around 0.1% on Monday.
The Dow traded down 0.13% to 49,166.76 while the NASDAQ fell 0.16% to 24,796.92. The S&P 500 also fell, dropping, 0.02% to 7,163.54.
Leading and Lagging Sectors
Communication services shares jumped by 1.1% on Monday.
In trading on Monday, consumer discretionary stocks fell by 1%.
Top Headline
Verizon Communications (NYSE:VZ) reported better-than-expected first-quarter earnings and raised its FY26 adjusted EPS guidance above estimates.
Verizon reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.20 per share. The company reported quarterly sales of $34.400 billion which missed the analyst consensus estimate of $34.836 billion.
Equities Trading UP
- Youxin Technology Ltd (NASDAQ:YAAS) shares shot up 52% to $1.41 after the company agreed to acquire 18% of the equity interests in YATOP in consideration of $10.8 million.
- Shares of US Energy Corp (NASDAQ:USEG) got a boost, surging 36% to $1.26 after the company announced a five‑year helium offtake deal with a global industrial gas company.
- Veradermics Inc (NYSE:MANE) shares were also up, gaining 46% to $99.01 after the company announced that its VDPHL01 drug met all primary and key secondary endpoints and led to rapid and robust hair growth.
Equities Trading DOWN
- Compass Therapeutics Inc. (NASDAQ:CMPX) shares dropped 55% to $2.26 after the company announced that Tovecimig did not meet the overall survival secondary endpoint.
- Shares of Real Brokerage Inc (NASDAQ:REAX) were down 24% to $2.04 after the company announced it will acquire RE/MAX Holdings for approximately $880 million.
- POET Technologies Inc (NASDAQ:POET) was down, falling 45% to $8.32 after the company announced the cancellation of all purchase orders received from Celestial AI.
Commodities
In commodity news, oil traded up 1.4% to $95.67 while gold traded down 0.8% at $4,705.50.
Silver traded down 1.5% to $75.300 on Monday, while copper fell 0.1% to $6.0190.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 fell 0.1%, while Spain's IBEX 35 Index rose 0.2%. London's FTSE 100 fell 0.2%, Germany's DAX gained 0.2% and France's CAC 40 rose 0.1% during the session.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei 225 gaining 1.38%, China's Shanghai Composite rising 0.16%, Hong Kong's Hang Seng Index falling 0.20% and India's BSE Sensex gaining 0.83%.
Economics
The Dallas Fed manufacturing index fell to -2.30 points in April from a reading of -0.20 points in the previous month.
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