U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining more than 50 points on Monday.
The Dow traded up 0.07% to 44,932.70 while the NASDAQ rose 0.28% to 21,167.71. The S&P 500 also rose, gaining, 0.09% to 6,394.33.
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Leading and Lagging Sectors
Energy shares jumped by 0.9% on Monday.
In trading on Monday, materials stocks dipped by 1.1%.
Top Headline
The United States has temporarily halted restrictions on technology exports to China, according to a Monday report from the Financial Times. This pause is intended to prevent disruptions to ongoing trade discussions with Beijing and to bolster President Donald Trump's push for a meeting with Chinese President Xi Jinping later this year.
Equities Trading UP
- CEA Industries Inc. (NASDAQ:VAPE) shares shot up 600% to $62.10 after the company announced a $500 million private placement.
- Shares of Celcuity Inc. (NASDAQ:CELC) got a boost, surging 167% to $36.80 after the company released topline results from its PIK3CA wild-type cohort of its Phase 3 VIKTORIA-1 trial.
- AIM ImmunoTech Inc. (NYSE:AIM) shares were also up, gaining 41% to $11.82 after the company announced mid-year data from its Phase 2 DURIPANC trial.
Equities Trading DOWN
- Quhuo Limited (NASDAQ:QH) shares dropped 84% to $0.21. Quhuo announced a strategic partnership with NIU World to jointly establish a new chain brand incubation platform focused on fresh beef, built upon a localized supply chain in China.
- Shares of Adaptimmune Therapeutics plc (NASDAQ:ADAP) were down 63% to $0.1271 after the company announced it has agreed to sell Tecelra and other assets related to its cell therapy products for $55 million.
- Sidus Space, Inc. (NASDAQ:SIDU) was down, falling 44% to $1.1200 after the company announced a $7.5 million public offering.
Commodities
In commodity news, oil traded up 2.2% to $66.57 while gold traded down 0.9% at $3,306.90.
Silver traded down 0.3% to $38.235 on Monday, while copper fell 1% to $5.7285.
Euro zone
European shares were lower today. The eurozone's STOXX 600 slipped 0.19%, while Spain's IBEX 35 Index slipped 0.09%. London's FTSE 100 fell 0.57%, Germany's DAX 40 declined 0.89% and France's CAC 40 fell 0.37% during the session.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei 225 falling 1.10%, Hong Kong's Hang Seng gaining 0.68%, China's Shanghai Composite rising 0.12% and India's BSE Sensex falling 0.70%.
Economics
No major economic reports are scheduled for release today.
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