U.S. stocks traded mostly lower this morning, with the Dow Jones index falling more than 100 points on Monday.
Following the market opening Monday, the Dow traded down 0.25% to 46,201.74 while the NASDAQ rose 0.05% to 22,642.88. The S&P 500 also fell, dropping, 0.07% to 6,659.98.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 0.2% on Monday.
In trading on Monday, energy stocks fell by 0.6%.
Top Headline
The Chicago Fed National Activity Index rose to -0.12 in August, recording the highest reading in five months, versus a revised reading of -0.28 in August.
Equities Trading UP
- AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) shares shot up 220% to $7.70 after the company announced it will be renamed AVAX One and will raise approximately $550 million.
- Shares of Qualigen Therapeutics, Inc. (NASDAQ:QLGN) got a boost, surging 152% to $7.16 after Faraday Future announced a $41 million investment in the company.
- MBX Biosciences, Inc. (NASDAQ:MBX) shares were also up, gaining 140% to $24.00 after the company announced once-weekly Canvuparatide achieved the primary endpoint in a Phase 2 trial.
Equities Trading DOWN
- Chijet Motor Company, Inc. (NASDAQ:CJET) shares dropped 32% to $0.1970. Chijet Motor named Jason Miller as COO, effective immediately.
- Shares of AtlasClear Holdings, Inc. (NYSE:ATCH) were down 30% to $0.6401.
- AlphaVest Acquisition Corp (NASDAQ:ATMV) was down, falling 27% to $16.16.
Commodities
In commodity news, oil traded down 0.6% to $62.28 while gold traded up 1.3% at $3,755.20.
Silver traded up 1.9% to $43.780 on Monday, while copper fell 0.2% to $4.6170.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.3%, while Spain's IBEX 35 Index fell 1.1%. London's FTSE 100 rose 0.1%, Germany's DAX 40 fell 0.7% and France's CAC 40 fell 0.5% during the session.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei gaining 0.99%, Hong Kong's Hang Seng dipping 0.76%, China's Shanghai Composite rising 0.22% and India's BSE Sensex falling 0.56%.
Economics
The Chicago Fed National Activity Index rose to -0.12 in August, recording the highest reading in five months, versus a revised reading of -0.28 in August.
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