U.S. stocks traded higher this morning, with the Dow Jones gaining more than 200 points on Monday.
Following the market opening Monday, the Dow traded up 0.41% to 52,431.18 while the NASDAQ climbed 0.36% to 26,047.63. The S&P 500 also rose, gaining, 0.41% to 7,654.65.
Leading and Lagging Sectors
Consumer discretionary shares jumped by 1.1% on Monday.
In trading on Monday, communication services stocks fell by 0.7%.
Top Headline
Verizon Communications (NYSE:VZ) shares fell around 3% on Monday after the company released earnings results for the third quarter.
The company reported quarterly earnings of $1.31 per share which beat the analyst consensus estimate of $1.27 per share. The company reported quarterly sales of $34.313 billion which missed the analyst consensus estimate of $34.744 billion.
Verizon also raised its FY2026 adjusted EPS guidance from $4.99-$5.04 to $5.04-$5.06.
Equities Trading UP
- Scisparc Ltd (NASDAQ:SPRC) shares shot up 54% to $1.68 after declining 9% on Friday.
- Shares of Clearone Inc (NASDAQ:CLRO) got a boost, surging 47% to $4.77.
- Stratum Holdings Corp (NASDAQ:SRTM) shares were also up, gaining 34% to $0.58. Ocean Power Technologies, Inc. (NYSE:OPTT) and Stratum Holdings entered into a non-binding letter of intent for a proposed strategic collaboration to demonstrate offshore data center assets.
Equities Trading DOWN
- AMTD IDEA Group (NYSE:AMTD) shares dipped 14% to $25.56. AMTD IDEA Group recently reported a year-over-year decrease in H1 financial results.
- Shares of XP Inc. (NASDAQ:XP) were down 48% to $15.74. Shares of U.S.-traded companies with Brazil exposure traded lower after President Luiz Inácio Lula da Silva defeated candidate Flávio Bolsonaro in the country’s runoff election.
- 22nd Century Group, Inc. (NASDAQ:XXII) was down, falling 48% to $0.1034.
Commodities
In commodity news, oil traded down 1.2% to $102.06 while gold traded up 0.5% at $4,026.10.
Silver traded down 0.2% to $53.830 on Monday, while copper rose 0.4% to $6.5335.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 rose 0.5%, while Spain’s IBEX 35 Index fell 0.1%, London’s FTSE 100 rose 0.5%, Germany’s DAX gained 1%, while France’s CAC 40 rose 0.8%.
Asia Pacific Markets
Asian markets closed mostly higher on Friday, with Japan’s Nikkei 225 falling 0.80%, Hong Kong’s Hang Seng index gaining 0.51%, China’s SSE Composite Index gaining 0.19% and India’s BSE Sensex gaining 0.66%.
Economics
The Chicago Fed National Activity Index climbed to +0.07 in September from -0.08 in the previous month.
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