U.S. stocks traded mostly higher this morning, with the Dow Jones index gaining more than 200 points on Monday.
Following the market opening Monday, the Dow traded up 0.41% to 51,775.92 while the NASDAQ fell 0.14% to 26,481.57. The S&P 500 also rose, gaining, 0.21% to 7,516.48.
Leading and Lagging Sectors
Financial shares jumped by 0.9% on Monday.
In trading on Monday, communication services stocks fell by 2.3%.
Top Headline
Outdoor Holding Company (NASDAQ:POWW) shares fell more than 2% on Monday after the company reported results for the fourth quarter.
The company reported quarterly losses of 3 cents per share which missed the analyst consensus estimate of loss of 1 cent per share. The company reported quarterly sales of $13.889 million which beat the analyst consensus estimate of $12.700 million.
Equities Trading UP
- Nexentis Technologies Inc (NASDAQ:NXTS) shares shot up 208% to $15.64 after the company announced its subsidiary, MitoCareX Bio, entered into an engagement with Boltz for the identification of novel small-molecule scaffolds targeting selected solute carrier proteins of interest to MitoCareX’s pipeline
- Shares of Tenon Medical Inc (NASDAQ:TNON) got a boost, surging 117% to $0.76 after dipping 42% on Thursday.
- Getty Images Holdings Inc (NYSE:GETY) shares were also up, gaining 112% to $1.28 after the company announced a display partnership with OpenAI.
Equities Trading DOWN
- Xiao-I Corp (NASDAQ:AIXI) shares dropped 54% to $2.88 after the company issued an update on first-instance rulings in patent litigation against Apple.
- Shares of Lichen International Ltd (NASDAQ:LICN) were down 28% to $1.56 after dipping 21% on Thursday.
- Hyperscale Data Inc (NYSE:GPUS) was down, falling 25% to $0.27 after the company announced a $300 million at-the-market equity offering.
Commodities
In commodity news, oil traded down 1% to $75.83 while gold traded down 0.7% at $4,218.20.
Silver traded up 0.1% to $66.405 on Monday, while copper fell 0.2% to $6.3730.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.3%, while Spain’s IBEX 35 Index rose 0.6%. London’s FTSE 100 rose 0.6%, Germany’s DAX gained 0.1%, while France’s CAC 40 fell 0.5%.
Asia Pacific Markets
Asian markets closed mostly higher on Monday, with Japan’s Nikkei 225 gaining 1.55%, Hong Kong’s Hang Seng Index falling 0.65%, China’s Shanghai Composite jumping 1.78% and India’s BSE Sensex climbing 0.38%.
Economics
No major economic reports are scheduled for released today.
Photo via Shutterstock