U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 100 points on Monday.
The Dow traded down 0.21% to 49,424.22 while the NASDAQ dipped 1.20% to 25,910.76. The S&P 500 also fell, dropping, 0.64% to 7,360.99.
Leading and Lagging Sectors
Energy shares jumped by 1.9% on Monday.
In trading on Monday, information technology stocks fell by 1.7%.
Top Headline
The NAHB/Wells Fargo Housing Market Index climbed to 37 in May from 34 in April.
Equities Trading UP
- Liveramp Holdings Inc (NYSE:RAMP) shares shot up 27% to $37.81. Publicis acquired LiveRamp for $2.2 billion in all-cash deal at $38.50 per share. LiveRamp also reported better-than-expected fourth-quarter earnings.
- Shares of HIVE Digital Technologies Ltd (NASDAQ:HIVE) got a boost, surging 24% to $3.32 after the company announced its subsidiary, Buzz HPC, plans on building a 320 MW AI gigafactory in Ontario, Canada.
- Wellgistics Health Inc (NASDAQ:WGRX) shares were also up, gaining 130% to $0.19 after the company announced that it continues to evaluate potential strategic transactions.
Equities Trading DOWN
- New Era Energy & Digital Inc (NASDAQ:NUAI) shares dropped 19% to $3.93. New Era Energy highlighted a $115 million offering, $290 million Macquarie credit facility and TCDC data center development progress. The company also posted a first-quarter loss of 16 cents per share.
- Shares of FuelCell Energy Inc (NASDAQ:FCEL) were down 19% to $17.32, erasing a significant portion of its recent massive gains.
- Design Therapeutics Inc (NASDAQ:DSGN) was down, falling 26% to $10.70. The company announced biomarker and clinical data from the ongoing Phase 1/2 RESTORE-FA trial evaluating DT-216P2 in patients with Friedreich ataxia.
Commodities
In commodity news, oil traded up 2.3% to $107.89 while gold traded down 0.3% at $4,550.20.
Silver traded down 0.5% to $77.135 on Monday, while copper rose 0.5% to $6.3235.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.54%, while Spain's IBEX 35 Index rose 0.75%. London's FTSE 100 gained 1.26%, Germany's DAX rose 1.49%, while France's CAC 40 rose 0.44%.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei 225 falling 0.97%, Hong Kong's Hang Seng Index dipping 1.11%, China's Shanghai Composite declining 0.09% and India's BSE Sensex gaining 0.10%
Economics
- The NAHB/Wells Fargo Housing Market Index climbed to 37 in May from 34 in April.
- The New York Fed's Services Business Activity Index rose 8.2 points to a reading of -5.8 in May.
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