U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling more than 250 points on Monday.
The Dow traded down 0.63% to 45,345.83 while the NASDAQ rose 0.08% to 21,514.02. The S&P 500 also fell, dropping, 0.19% to 6,454.33.
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Leading and Lagging Sectors
Communication services shares jumped by 0.9% on Monday.
In trading on Monday, consumer staples stocks fell by 1.3%.
Top Headline
The Chicago Fed National Activity Index declined to -0.19 in July versus a revised reading of -0.18 in June.
Equities Trading UP
- Aehr Test Systems, Inc. (NASDAQ:AEHR) shares shot up 38% to $24.90 after the company received follow-on orders for six package-level test and burn-in systems.
- Shares of Capstone Holding Corp. (NASDAQ:CAPS) got a boost, surging 58% to $1.7350. Capstone announced the closing of its previously announced acquisition of Carolina Stone Products ahead of schedule.
- HCW Biologics Inc. (NASDAQ:HCWB) shares were also up, gaining 60% to $5.49 after the company announced its scientists have developed pembrolizumab-based immunotherapeutics against solid tumors.
Equities Trading DOWN
- Valneva SE (NASDAQ:VALN) shares dropped 21% to $9.24 after the FDA suspended the license for IXCHIQ.
- Shares of ModivCare Inc. (NASDAQ:MODV) were down 32% to $0.7330 after the company received Nasdaq delisting letter following Chapter 11 filing.
- EpicQuest Education Group International Limited (NASDAQ:EEIQ) was down, falling 42% to $0.7161 after the company announced a $3.7 million registered direct offering of 5.07 million shares at $0.73 per share.
Commodities
In commodity news, oil traded up 2% to $64.96 while gold traded up 0.1% at $3,418.90.
Silver traded down 0.7% to $38.795 on Monday, while copper rose 0.5% to $4.4815.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.44%, while Spain's IBEX 35 Index fell 0.85%. Germany's DAX 40 fell 0.37% and France's CAC 40 fell 1.59% during the session.
Asia Pacific Markets
Asian markets closed higher on Monday, with Japan's Nikkei 225 gaining 0.41%, Hong Kong's Hang Seng gaining 1.94%, China's Shanghai Composite gaining 1.51% and India's BSE Sensex gaining 0.40%.
Economics
- The Dallas Fed's general business activity index for Texas manufacturing declined to -1.8 in August compared to 0.9 in the previous month.
- Sales of new single-family homes in the U.S. fell by 0.6% to an annualized rate of 652,000 units in July following a revised 4.1% gain in the previous period.
- The Chicago Fed National Activity Index declined to -0.19 in July versus a revised reading of -0.18 in June.
- Building permits fell by 2.2% to an annualized rate of 1.362 million in June.
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