U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 600 points on Monday.
Following the market opening Monday, the Dow traded up 1.30% to 51,950.09 while the NASDAQ climbed 1.97% to 25,062.41. The S&P 500 also rose, gaining, 1.43% to 7,482.45.
Leading and Lagging Sectors
Consumer discretionary shares jumped by 3.8% on Monday.
In trading on Monday, consumer staples stocks fell by 0.3%.
Top Headline
Constellation Energy (NASDAQ:CEG) posted better-than-expected earnings for the third quarter.
The company posted adjusted earnings of $5.06 per share, beating market estimates of $3.85 per share. The company’s sales came in at $9.550 billion versus expectations of $9.372 billion.
Equities Trading UP
- Ohmyhome Limited (NASDAQ:OMH) shares shot up 275% to $27.60 after falling around 45% on Friday.
- Shares of JIADE Limited (NASDAQ:JDZG) got a boost, surging 73% to $0.3631 after dipping over 46% on Friday.
- MindForge Inc. (NASDAQ:MF) shares were also up, gaining 64% to $17.00.
Equities Trading DOWN
- Zura Bio Limited (NASDAQ:ZURA) shares dipped 73% to $1.0801 after the company announced it did not meet its primary and secondary endpoints.
- Shares of Sable Offshore Corp. (NYSE:SOC) were down 68% to $0.6064 after the company reported worse-than-expected third-quarter financial results.
- Faeth Therapeutics, Inc. (NASDAQ:FTH) was down, falling 45% to $12.07 after the company reported downbeat preliminary Phase 2 topline results from the PIK-201 trial evaluating PIKTOR in combination with paclitaxel in patients with advanced endometrial cancer.
Commodities
In commodity news, oil traded down 3.9% to $87.28 while gold traded up 1.3% at $4,130.60.
Silver traded up 1.5% to $52.735 on Monday, while copper rose 1.5% to $6.3295.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 gained 1%, while Spain’s IBEX 35 Index rose 1.8%, London’s FTSE 100 rose 0.6%, Germany’s DAX climbed 1.3%, while France’s CAC 40 surged 1%.
Asia Pacific Markets
Asian markets closed mostly higher on Monday, with Japan’s Nikkei 225 gaining 2.33%, Hong Kong’s Hang Seng index falling 0.13%, China’s SSE Composite Index rising 0.32% and India’s BSE Sensex gaining 0.13%.
Economics
Data on wholesale inventories will be released today.
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