U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 1% on Monday.
Following the market opening Monday, the Dow traded up 0.25% to 52,276.40 while the NASDAQ climbed 1.05% to 25,788.54. The S&P 500 also rose, gaining, 0.68% to 7,508.15.
Leading and Lagging Sectors
Communication services shares jumped by 1.6% on Monday.
In trading on Monday, consumer staples stocks fell by 0.3%.
Top Headline
Domino’s Pizza Inc. (NASDAQ:DPZ) stock rose nearly 4% on Monday after the company reported second-quarter revenue that topped Wall Street estimates, although earnings per share missed expectations.
Revenue increased 4.3% year over year to $1.194 billion, exceeding analysts’ estimates of $1.18 billion. Adjusted earnings came in at $4.07 per share, below the consensus estimate of $4.20.
Equities Trading UP
- Zhengye Biotechnology Holding Ltd (NASDAQ:ZYBT) shares shot up 115% to $1.50.
- Shares of Baiya International Group Inc (NASDAQ:BIYA) got a boost, surging 63% to $6.75. Baiya recently announced that its board has approved a 1-for-10 reverse stock split of its Class A ordinary shares.
- Advanced Biomed Inc (NASDAQ:ADVB) shares were also up, gaining 44% to $7.23 after the company announced it delivered its notice to terminate its purchase agreement with Helena Global Investment Opportunities.
Equities Trading DOWN
- LI Bang International Corporation Inc (NASDAQ:LBGJ) shares dropped 65% to $0.85.
- Shares of Globavend Holdings Ltd (NASDAQ:GVH) were down 60% to $1.91. Globavend’s Loomi signed a global distribution agreement with DramaBox, reaching platform with over 90 million registered users.
- VCI Global Ltd (NASDAQ:VCIG) was down, falling 20% to $0.74. VCI Global regained Nasdaq listing compliance after filing FY 2025 Form 20-F on July 15.
Commodities
In commodity news, oil traded down 0.8% to $81.86 while gold traded down 0.1% at $4,017.10.
Silver traded up 1.5% to $57.180 on Monday, while copper rose 1.2% to $6.3415.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 declined 0.1%, while Spain’s IBEX 35 Index fell 0.1% London’s FTSE 100 fell 0.5%, Germany’s DAX declined 0.1%, while France’s CAC 40 slipped 0.1%.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Hong Kong’s Hang Seng index gaining 2.36%, China’s Shanghai Composite rising 0.85% and India’s BSE Sensex falling 0.57%.
Economics
No major economic reports are scheduled for release today.
Photo via Shutterstock