U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 300 points on Monday.
Following the market opening Monday, the Dow traded up 0.41% to 47,398.49 while the NASDAQ rose 1.37% to 23,521.66. The S&P 500 also rose, gaining, 0.82% to 6,847.22.
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Leading and Lagging Sectors
Information technology shares jumped by 1.5% on Monday.
In trading on Monday, consumer staples stocks fell by 0.3%.
Top Headline
Keurig Dr Pepper Inc. (NASDAQ:KDP) shares surged around 6% on Monday following the announcement of its financial results for the third quarter of fiscal 2025. The company exceeded consensus expectations on net sales and subsequently revised its full-year sales guidance upward.
The company reported adjusted earnings per share (EPS) of 54 cents, consistent with the analyst consensus estimate. Quarterly sales reached $4.31 billion, marking a 10.7% year-over-year (Y/Y) increase and surpassing the Street view of $4.15 billion.
Equities Trading UP
- Sotherly Hotels Inc. (NASDAQ:SOHO) shares shot up 137% to $2.15. Sotherly Hotels agreed to be acquired by a joint venture led by affiliates of Kemmons Wilson Hospitality Partners LP (KWHP), with Ascendant Capital Partners LP as a strategic partner.
- Shares of Co-Diagnostics, Inc. (NASDAQ:CODX) got a boost, surging 133% to $0.8163 after the company signed a definitive agreement with Arabian Eagle to establish CoMira Diagnostics and localize its Co-Dx PCR platform across the Middle East.
- BIO-key International, Inc. (NASDAQ:BKYI) shares were also up, gaining 110% to $1.64 after the company partnered with IT2Trust, a key IT security distributor in Scandinavia.
Equities Trading DOWN
- Intellia Therapeutics, Inc. (NASDAQ:NTLA) shares dropped 42% to $14.92 after the company announced it is temporarily halting patient dosing and screening for the MAGNITUDE and MAGNITUDE-2 Phase 3 clinical studies of Nex-z in patients with transthyretin amyloidosis with cardiomyopathy.
- Shares of Smart Logistics Global Limited (NASDAQ:SLGB) were down 43% to $2.93.
- Genenta Science S.p.A. (NASDAQ:GNTA) was down, falling 42% to $3.5902 after the company announced pricing of $15.0 million registered direct offering of American Depositary Shares.
Commodities
In commodity news, oil traded down 0.1% to $61.44 while gold traded down 2.1% at $4,051.80.
Silver traded down 2.3% to $47.455 on Monday, while copper rose 0.8% to $5.1615.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.1%, while Spain's IBEX 35 Index gained 0.6%. London's FTSE 100 rose 0.1%, Germany's DAX 40 fell 0.1% and France's CAC 40 fell 0.1% during the session.
Asia Pacific Markets
Asian markets closed higher on Monday, with Japan's Nikkei 225 gaining 2.46%, Hong Kong's Hang Seng index gaining 1.05%, China's Shanghai Composite rising 1.18% and India's BSE Sensex gaining 0.67%.
Economics
The Dallas Fed Manufacturing Index will be released today.
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