U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining around 150 points on Monday.
Following the market opening Monday, the Dow traded down 0.20% to 45,310.19 while the NASDAQ rose 0.70% to 21,851.83. The S&P 500 also rose, gaining, 0.20% to 6,494.70.
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Leading and Lagging Sectors
Information technology shares jumped by 1.1% on Monday.
In trading on Monday, real estate stocks fell by 1%.
Top Headline
Shares of Planet Labs PBC (NYSE:PL) surged around 14% on Monday after the company released earnings results for the second quarter.
The company reported a quarterly loss of 3 cents per share which beat the analyst consensus estimate of a loss of 4 cents per share. The company reported quarterly sales of $73.386 million which beat the analyst consensus estimate of $65.740 million.
Planet Labs raised its FY2026 sales guidance from $265.000 million-$280.000 million to $281.000 million-$289.000 million.
Equities Trading UP
- Rapport Therapeutics, Inc. (NASDAQ:RAPP) shares shot up 179% to $40.06 after the company announced the Phase 2a clinical trial of RAP-219 in patients with drug-resistant focal onset seizures met its primary endpoint.
- Shares of Beyond Air, Inc. (NASDAQ:XAIR) got a boost, surging 91% to $4.2201 after the company announced the FDA granted Orphan Drug Designation to BA-101 for the treatment of Glioblastoma.
- Sky Quarry Inc. (NASDAQ:SKYQ) shares were also up, gaining 67% to $0.6938.
Equities Trading DOWN
- New Fortress Energy Inc. (NASDAQ:NFE) shares dropped 40% to $1.4601 after the company reported a year-over-year decrease in second-quarter financial results.
- Shares of CNFinance Holdings Limited (NYSE:CNF) were down 36% to $3.00 after jumping 94% on Friday.
- Sono Group N.V. (NASDAQ:SSM) was down, falling 31% to $10.00 after dipping 34% on Friday. Sono Group announced Nasdaq uplisting approval.
Commodities
In commodity news, oil traded up 2.3% to $63.30 while gold traded up 0.1% at $3,655.10.
Silver traded up 0.7% to $41.855 on Monday, while copper rose 0.3% to $4.5650.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.3%, 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 0.5% during the session.
Asia Pacific Markets
Asian markets closed higher on Monday, with Japan's Nikkei 225 gaining 1.45%, Hong Kong's Hang Seng gaining 0.85%, China's Shanghai Composite gaining 0.38% and India's BSE Sensex gaining 0.1%.
Economics
Data on consumer inflation expectations will be released today.
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