U.S. stocks traded higher this morning, with the Dow Jones index gaining around 50 points on Monday.
Following the market opening Monday, the Dow traded up 0.12% to 44,394.34 while the NASDAQ rose 0.46% to 20,991.55. The S&P 500 also rose, gaining, 0.28% to 6,314.37.
Check This Out: How To Earn $500 A Month From Coca-Cola Stock Ahead Of Q2 Earnings
Leading and Lagging Sectors
Communication services shares jumped by 1.3% on Monday.
In trading on Monday, health care stocks dipped by 0.4%.
Top Headline
Verizon Communications Inc. (NYSE:VZ) reported better-than-expected second-quarter financial results and raised guidance.
Verizon posted adjusted earnings of $1.22 per share, beating market estimates of $1.19 per share. The company's quarterly sales came in at $34.50 billion beating expectations of $33.57 billion.
Equities Trading UP
- ProMIS Neurosciences, Inc. (NASDAQ:PMN) shares shot up 132% to $1.0299 after the company announced the FDA granted received Fast Track designation to PMN310.
- Shares of ZimVie Inc. (NASDAQ:ZIMV) got a boost, surging 122% to $18.73 after the company agreed to be acquired by ARCHIMED for $19.00 per share in cash.
- reAlpha Tech Corp. (NASDAQ:AIRE) shares were also up, gaining 80% to $0.3453. reAlpha Tech announced the closing of $2 million public offering.
Equities Trading DOWN
- OceanPal Inc. (NASDAQ:OP) shares dropped 67% to $0.5390 after the company priced an upsized $18 million public offering of 10.975 million units at $1.64 per unit.
- Shares of Erayak Power Solution Group Inc. (NASDAQ:RAYA) were down 63% to $1.14.
- Top Wealth Group Holding Limited (NASDAQ:TWG) was down, falling 24% to $7.31.
Commodities
In commodity news, oil traded down 0.5% to $67.02 while gold traded up 1.1% at $3,396.40.
Silver traded up 1.8% to $39.145 on Monday, while copper rose 0.4% to $5.6250.
Euro zone
European shares were lower today. The eurozone's STOXX 600 slipped 0.2%, while Spain's IBEX 35 Index fell 0.2%. London's FTSE 100 slipped 0.1%, Germany's DAX 40 declined 0.2% and France's CAC 40 dipped 0.6% during the session.
Asia Pacific Markets
Asian markets closed higher on Monday, with Hong Kong's Hang Seng gaining 0.68%, China's Shanghai Composite gaining 0.72% and India's BSE Sensex rising 0.54%.
Economics
No major economic reports are scheduled for release today.
Now Read This:
Photo via Shutterstock
