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Mid-Afternoon Market Replace: Dow Turns Constructive; Sesen Bio Shares Plummet

Towards the top of buying and selling Monday, the Dow traded up 0.03% to 35,526.99 whereas the NASDAQ fell 0.34% to 14,771.91. The S&P additionally rose, gaining 0.02% to 4,468.88.

The U.S. has the best variety of coronavirus circumstances and deaths on the planet, reporting a complete of 36,680,110 circumstances with round 621,630 deaths. India confirmed a complete of no less than 32,225,510 circumstances and 431,640 deaths, whereas Brazil reported over 20,364,090 COVID-19 circumstances with 569,050 deaths. In whole, there have been no less than 207,273,290 circumstances of COVID-19 worldwide with greater than 4,364,400 deaths, in response to knowledge compiled by Johns Hopkins College.

Main and Lagging Sectors

Well being care shares rose 0.7% on Monday. In the meantime, high gainers within the sector included Enlivex Therapeutics Ltd. (NASDAQ: ENLV), up 19% and Collegium Pharmaceutical, Inc. (NASDAQ: COLL) up 15%.

In buying and selling on Monday, vitality fell 1.4%.

High Headline

The New York Empire State Manufacturing Index dropped to 18.3 in August from a document excessive stage of 43 within the earlier month. Analysts, in the meantime, have been anticipating a studying of 29.

Equities Buying and selling UP

NanoVibronix, Inc. (NASDAQ: NAOV) shares shot up 61% to $4.05 after the corporate introduced that it intends to enter the Over-the-Counter (OTC) ache aid market with the introduction of PainShield RELIEF.

Shares of Enlivex Therapeutics Ltd. (NASDAQ: ENLV) acquired a lift, capturing 19% to $12.11 after the Israeli Ministry of Well being approved a Section IIb trial for Enlivex’s Allocetra in COVID-19 sufferers.

Travere Therapeutics, Inc. (NASDAQ: TVTX) shares have been additionally up, gaining 14% to $17.62 after the corporate introduced its PROTECT research met its interim major efficacy endpoint.

Take a look at these huge movers of the day

Equities Buying and selling DOWN

Sesen Bio, Inc. (NASDAQ: SESN) shares tumbled 41% to $1.2550 after the U.S. Meals and Drug Administration issued a Full Response Letter for the corporate’s bladder most cancers candidate Vicineum. The FDA decided that it can’t approve Sesen Bio’s Biologics License Utility for Vicineum in its current type and offered suggestions particular to extra scientific and statistical knowledge and analyses. HC Wainwright & Co. downgraded the inventory from Purchase to Impartial.

Shares of China Finance On-line Co. Restricted (NASDAQ: JRJC) have been down 36% to $5.18 after the corporate obtained a delisting discover from Nasdaq.

ESSA Pharma Inc. (NASDAQ: EPIX) was down, falling 35% to $7.70 after the corporate reported a loss for its third quarter.

 

Commodities

In commodity information, oil traded down 1.5% to $67.39, whereas gold traded up 0.6% to $1,788.50.

Silver traded up 0.3% Monday to $23.845 whereas copper fell 1.5% to $4.3255.

Euro zone

European shares closed decrease in the present day. The eurozone’s STOXX 600 declined 0.50%, the Spanish Ibex Index fell 0.81% and the German DAX 30 declined 0.32%. In the meantime, the London’s FTSE 100 dropped 0.90%, French CAC 40 fell 0.83% and Italy’s FTSE MIB slipped 0.76%.

Economics

The New York Empire State Manufacturing Index dropped to 18.3 in August from a document excessive stage of 43 within the earlier month. Analysts, in the meantime, have been anticipating a studying of 29.

The Treasury Worldwide Capital report for June will likely be launched at 4:00 p.m. ET.

Take a look at the total financial calendar right here

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