U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 400 points on Monday.
Following the market opening Monday, the Dow traded up 0.81% to 52,191.06 while the NASDAQ climbed 0.69% to 25,613.42. The S&P 500 also rose, gaining, 0.51% to 7,619.05.
Leading and Lagging Sectors
Consumer discretionary shares jumped by 2.2% on Monday.
In trading on Monday, energy stocks fell by 2.4%.
Top Headline
Marriott International (NASDAQ:MAR) reported better-than-expected third-quarter financial results and raised its FY26 adjusted EPS guidance above estimates.
Marriott Intl reported quarterly earnings of $3.02 per share which beat the analyst consensus estimate of $2.84 per share. The company reported quarterly sales of $7.005 billion which beat the analyst consensus estimate of $6.920 billion.
Equities Trading UP
- Inovio Pharmaceuticals Inc (NASDAQ:INO) shares shot up 195% to $1.78 after the FDA granted accelerated approval for Voceryq for the treatment of adults with recurrent respiratory papillomatosis.
- Shares of Clearone Inc (NASDAQ:CLRO) got a boost, surging 108% to $7.09 after dipping 32% on Friday.
- Evgo Inc (NASDAQ:EVGO) shares were also up, gaining 42% to $1.80 after the company announced it will be acquired by LS Power Equity Advisors.
Equities Trading DOWN
- Karyopharm Therapeutics Inc (NASDAQ:KPTI) shares dipped 79% to $0.14 after the company announced it entered into a Restructuring Support Agreement.
- Shares of Bright Minds Biosciences Inc (NASDAQ:DRUG) were down 54% to $25.52 after the company announced that the FDA that the investigational new drug application for Developmental and Epileptic Encephalopathies and related Protocol BMB-101-105 has been placed on a partial clinical hold.
- Jaguar Health Inc (NASDAQ:JAGX) was down, falling 47% to $0.86 after dipping over 20% on Friday.
Commodities
In commodity news, oil traded down 6% to $97.85 while gold traded up 1.4% at $3,953.10.
Silver traded up 3.2% to $50.835 on Monday, while copper rose 0.9% to $6.5370.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 declined 0.1%, while Spain’s IBEX 35 Index rose 0.8%, London’s FTSE 100 slipped 0.1%, Germany’s DAX gained 0.2%, while France’s CAC 40 rose 0.3%.
Asia Pacific Markets
Asian markets closed mostly higher on Monday, with Japan’s Nikkei 225 falling 0.33%, Hong Kong’s Hang Seng index gaining 0.42%, China’s SSE Composite Index surging 1.08% and India’s BSE Sensex gaining 1.66%.
Economics
The ISM manufacturing PMI will be released today.
Photo via Shutterstock