U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Monday.
Following the market opening Monday, the Dow traded up 0.19% to 45,922.93 while the NASDAQ rose 0.63% to 22,280.38. The S&P 500 also rose, gaining, 0.47% to 6,615.11.
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Leading and Lagging Sectors
Communication services shares jumped by 1.7% on Monday.
In trading on Monday, consumer staples stocks fell by 0.6%.
Top Headline
Shares of Tesla Inc. (NASDAQ:TSLA) rose around 6% on Monday after CEO Elon Musk purchased massive number of shares, according to a recent regulatory filing.
Musk, through the Elon Musk Revocable Trust, bought 2.57 million shares of Tesla on Friday, September 12. The shares were acquired at prices ranging from approximately $371 to $396 per share, as per a Form 4 filing with the Securities and Exchange Commission (SEC) released on Monday. This brings his indirect ownership to approximately 413 million shares.
Equities Trading UP
- Check-Cap Ltd. (NASDAQ:CHEK) shares shot up 233% to $2.5035. MBody AI and Check Cap Ltd announced that they have entered into a definitive merger agreement.
- Shares of Helius Medical Technologies, Inc. (NASDAQ:HSDT) got a boost, surging 179% to $21.09 r after the company announced the launch of a $1.25 billion SOL-backed treasury strategy with an oversubscribed PIPE offering at $6.88 per share and $10.13 warrants.
- AtlasClear Holdings, Inc. (NASDAQ:ATCH) shares were also up, gaining 117% to $0.8438. AtlasClear Holdings shares jumped 53% on Friday after the company announced its subsidiary, Wilson-Davis, reported a year-over-year increase in FY25 revenue results.
Equities Trading DOWN
- aTyr Pharma, Inc. (NASDAQ:ATYR) shares dropped 82% to $1.0300 after the company announced topline results from its Phase 3 EFZO-FIT study of efzofitimod in pulmonary sarcoidosis did not meet its primary endpoint.
- Shares of Kindly MD, Inc. (NASDAQ:NAKA) were down 57% to $1.1950 after dipping 30% on Friday.
- The Hain Celestial Group, Inc. (NASDAQ:HAIN) was down, falling 30% to $1.4867 after the company reported worse-than-expected fourth-quarter financial results.
Commodities
In commodity news, oil traded up 0.5% to $63.01 while gold traded down 0.1% at $3,682.20.
Silver traded down 0.3% to $42.690 on Monday, while copper rose 0.2% to $4.6595.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.6%, while Spain's IBEX 35 Index rose 0.6%. London's FTSE 100 rose 0.1%, Germany's DAX 40 gained 0.5% and France's CAC 40 rose 1.3% during the session.
Asia Pacific Markets
Asian markets closed mostly mixed on Monday, with Hong Kong's Hang Seng rising 0.22%, China's Shanghai Composite falling 0.26% and India's BSE Sensex declining 0.15%.
Economics
The New York Empire State Manufacturing Index declined to -8.7 in September, from 11.9 in August and versus market estimates of 5.
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