U.S. stocks traded higher this morning, with the Dow Jones index gaining over 200 points on Monday.
Following the market opening Monday, the Dow traded up 0.50% to 42,417.90 while the NASDAQ gained 0.61% to 19,566.92. The S&P 500 also rose, gaining, 0.62% to 6,004.66.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 1.7% on Monday.
In trading on Friday, energy stocks fell by 0.1%.
Top Headline
Shares of FactSet Research Systems (NYSE:FDS) gained around 5% on Monday after the company posted results for the third quarter.
The company reported quarterly sales of $585.52 million, surpassing analyst expectations of $580.50 million and representing a 5.9% year-over-year gain.
The company reported quarterly adjusted earnings per share of $4.27, missing the street view of $4.29.
Equities Trading UP
- Impact BioMedical Inc. (NYSE:IBO) shares shot up 306% to $1.5001. Dr Ashleys Limited and Impact BioMedical Inc. announced a strategic merger.
- Shares of Indaptus Therapeutics, Inc. (NASDAQ:INDP) got a boost, surging 139% to $0.6464 after tumbling 18% on Friday.
- Cidara Therapeutics, Inc. (NASDAQ:CDTX) shares were also up, gaining 91% to $40.08 after the company announced positive topline results from its Phase 2b NAVIGATE trial evaluating CD388, a non-vaccine preventative of seasonal influenza.
Equities Trading DOWN
- S&W Seed Company (NASDAQ:SANW) shares dropped 50% to $2.6741.
- Shares of Lipella Pharmaceuticals Inc. (NASDAQ:LIPO) were down 32% to $1.13. Lipella Pharmaceuticals announced delisting from Nasdaq Capital Market.
- COMPASS Pathways plc (NASDAQ:CMPS) was down, falling 47% to $2.44. The company announced it reached its primary endpoint in the ongoing Phase 3 COMP005 trial.
Commodities
In commodity news, oil traded down 1.2% to $72.94 while gold traded up 0.3% at $3,397.20.
Silver traded up 0.6% to $36.235 on Monday, while copper rose 0.3% to $4.8495.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.3%, while Spain's IBEX 35 Index rose 0.2%. London's FTSE 100 slipped 0.2%, Germany's DAX 40 declined 0.2% and France's CAC 40 fell 0.6% during the session.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei falling 0.13%, Hong Kong's Hang Seng Index gaining 0.67%, China's Shanghai Composite rising 0.65% and India's BSE Sensex falling 0.62%.
Economics
- The S&P Global US services PMI fell to 53.1 in June versus 53.7 in the previous month, and compared to market expectations of 52.9.
- The S&P Global US manufacturing PMI came in unchanged from the previous month at 52 in June.
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