U.S. stocks traded higher this morning, with the Dow Jones gaining over 100 points on Monday.
Following the market opening Monday, the Dow traded up 0.31% to 38,104.99 while the NASDAQ rose 0.62% to 15,376.02. The S&P 500 also rose, gaining, 0.40% to 4,987.10.
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Leading and Lagging Sectors
Information technology shares climbed by 0.8% on Monday.
In trading on Monday, energy shares fell by 0.4%.
Top Headline
The Chicago Fed National Activity Index increased to +0.15 in March versus a revised reading of +0.09 in the previous month, topping market estimates of +0.09.
Equities Trading UP
- Moolec Science SA MLEC shares shot up 118% to $3.0150 after the company announced that it received USDA approval for plant-grown animal proteins.
- Shares of NewGenIvf Group Limited NIVF got a boost, surging 76% to $1.30 after the company signed a non-binding term sheet for a potential reverse merger with European Wellness Investment Holdings.
- SuperCom Ltd. SPCB shares were also up, gaining 36% to $0.2987 after the company reported better-than-expected fourth-quarter results.
Equities Trading DOWN
- Vaxxinity, Inc. VAXX shares dropped 58% to $0.2001 after the company announced its intention to voluntarily delist and deregister its Class A common stock.
- Shares of Hepion Pharmaceuticals, Inc. HEPA were down 37% to $1.33 after the company announced that it began wind-down activities in its Phase 2b “ASCEND-NASH Trial.
- Connexa Sports Technologies Inc. YYAI was down, falling 57% to $0.8945.
Commodities
In commodity news, oil traded down 0.1% to $83.07 while gold traded down 2.4% at $2,356.80.
Silver traded down 4.6% to $27.525 on Monday, while copper rose 0.2% to $4.5055.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 rose 0.4%, London’s FTSE 100 rose 1.6% while Spain’s IBEX 35 Index climbed 1% The German DAX gained 0.5% French CAC 40 rose 0.2% while Italy’s FTSE MIB Index fell 1%.
Eurozone’s government deficit to GDP ratio fell to 3.6% in 2023 compared to a revised 3.7% in the prior year.
Asia Pacific Markets
Asian markets closed mostly higher on Monday, with Japan’s Nikkei 225 gaining 1%, Hong Kong’s Hang Seng Index gaining 1.77%, China’s Shanghai Composite falling 0.67% and India’s S&P BSE Sensex gaining 0.77%.
The People’s Bank of China maintained its key lending rates at the April fixing.
Economics
The Chicago Fed National Activity Index increased to +0.15 in March versus a revised reading of +0.09 in the previous month, topping market estimates of +0.09.