U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 0.2% on Monday.
The Dow traded up 0.11% to 49,663.67 while the NASDAQ gained 0.23% to 26,308.71. The S&P 500 also rose, gaining, 0.26% to 7,417.97.
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
Constellation Energy Corp. (NASDAQ:CEG) reported stronger-than-expected first-quarter fiscal 2026 results and reaffirmed its full-year earnings outlook.
The U.S. power company reported revenue of $11.122 billion, topping Wall Street estimates of $8.721 billion. Adjusted earnings rose to $2.74 per share from $2.14 a year earlier and exceeded analyst expectations of $2.57 per share.
Equities Trading UP
- Functional Brands Inc (NASDAQ:MEHA) shares shot up 79% to $0.17 after the company announced plans to acquire BullionFX assets.
- Shares of Beazer Homes USA Inc (NYSE:BZH) got a boost, surging 33% to $24.93 after Dream Finders Homes submitted a proposal to acquire all of the company’s outstanding shares.
- Lumentum Holdings Inc (NASDAQ:LITE) shares were also up, gaining 17% to $1,059.37 after the company announced its inclusion in the Nasdaq-100 Index.
Equities Trading DOWN
- Haoxi Health Technology Ltd (NASDAQ:HAO) shares dropped 94% to $0.047 after the company announced a $6.5 million registered direct offering.
- Shares of Biglari Holdings Inc (NYSE:BH) were down 23% to $236.51 following first-quarter results.
- Sprout Social Inc (NASDAQ:SPT) was down, falling 12% to $6.52. Barclays analyst Raimo Lenschow maintained Sprout Social with an Overweight rating and raised the price target from $8 to $9.
Commodities
In commodity news, oil traded up 3% to $98.23 while gold traded up 0.1% at $4,737.30.
Silver traded up 6.9% to $86.450 on Monday, while copper rose 3.2% to $6.4975.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.11%, while Spain's IBEX 35 Index fell 0.21%. London's FTSE 100 rose 0.36%, Germany's DAX rose 0.05%, while France's CAC 40 declined 0.69%.
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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