U.S. stocks traded higher this morning, with the Dow Jones gaining around 0.1% on Monday.
Following the market opening Monday, the Dow traded up 0.11% to 49,661.54 while the NASDAQ gained 0.17% to 26,292.83. The S&P 500 also rose, gaining, 0.24% to 7,416.79.
Leading and Lagging Sectors
Energy shares jumped by 1.8% on Monday.
In trading on Monday, communication services stocks fell by 1.5%.
Top Headline
Mosaic Co (NYSE:MOS) shares fell around 2% on Monday after the company released earnings results for the first quarter.
The company posted adjusted EPS of 5 cents, missing market estimates of 24 cents per share. The company's sales came in at $2.998 billion beating expectations of $2.897 billion.
Equities Trading UP
- Functional Brands Inc (NASDAQ:MEHA) shares shot up 103% to $0.19 after the company announced plans to acquire BullionFX assets.
- Shares of Jiuzi Holdings Inc (NASDAQ:JZXN) got a boost, surging 59% to $1.44 after the company reached milestone $210,000 in realized gains from investment in AethgeriumX’s DCIP, and announced $100,000 share buyback.
- PomDoctor Ltd – ADR (NASDAQ:POM) shares were also up, gaining 50% to $0.11.
Equities Trading DOWN
- Haoxi Health Technology Ltd (NASDAQ:HAO) shares dropped 93% to $0.050 after the company announced a $6.5 million registered direct offering.
- Shares of Republic Power Group Ltd (NASDAQ:RPGL) were down 51% to $0.41.
- Powell Max Ltd (NASDAQ:PMAX) was down, falling 38% to $2.48.
Commodities
In commodity news, oil traded up 2% to $97.36 while gold traded up 0.3% at $4,742.50.
Silver traded up 6.9% to $86.355 on Monday, while copper rose 3.1% to $6.4875.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.1%, while Spain's IBEX 35 Index fell 0.3%. London's FTSE 100 rose 0.4%, Germany's DAX fell 0.1%, while France's CAC 40 declined 0.9%.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei 225 falling 0.47%, Hong Kong's Hang Seng Index gaining 0.05%, China's Shanghai Composite gaining 1.08% and India's BSE Sensex falling 1.70%
Economics
U.S. existing home sales rose by 0.2% to an annualized rate of 4.02 million units in April.
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