U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 350 points on Monday.
Following the market opening Monday, the Dow traded up 0.16% to 46,318.84 while the NASDAQ rose 1.60% to 22,629.51. The S&P 500 also rose, gaining, 0.83% to 6,658.09.
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Leading and Lagging Sectors
Communication services shares jumped by 2.7% on Monday.
In trading on Monday, energy stocks fell by 0.9%.
Top Headline
CureVac N.V. (NASDAQ:CVAC) reported third-quarter earnings of $1.41 per share which beat the analyst consensus estimate of a loss of 17 cents per share.
The company reported quarterly sales of $63.295 million which beat the analyst consensus estimate of $14.520 million.
Equities Trading UP
- Enlivex Therapeutics Ltd. (NASDAQ:ENLV) shares shot up 79% to $1.61 after the company announced a $212 million private placement to begin a prediction-market digital assets treasury strategy via Rain token accumulation.
- Shares of Inspire Veterinary Partners, Inc. (NASDAQ:IVP) got a boost, surging 51% to $0.1836.
- Inno Holdings Inc. (NASDAQ:INHD) shares were also up, gaining 44% to $1.04 after the company announced a strategic cooperation with Megabyte Solutions on Web3 Technology application in B2B marketplace platform.
Equities Trading DOWN
- Clearside Biomedical, Inc. (NASDAQ:CLSD) shares dropped 67% to $0.8799 after the company announced it filed a voluntary petition for bankruptcy.
- Shares of Twin Hospitality Group Inc. (NASDAQ:TWNP) were down 28% to $2.5700. Twin Hospitality Group received a notice of acceleration for notes from UMB.
- ProMIS Neurosciences, Inc. (NASDAQ:PMN) was down, falling 25% to $0.3157. ProMIS Neurosciences announced a 1-for-25 reverse stock split.
Commodities
In commodity news, oil traded up 0.1% to $58.07 while gold traded down 0.1% at $4,078.40.
Silver traded down 0.1% to $49.875 on Monday, while copper fell 0.4% to $4.9935.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.2%, while Spain's IBEX 35 Index rose 0.8%. London's FTSE 100 rose 0.3%, Germany's DAX 40 gained 0.7% and France's CAC 40 rose 0.2% during the session.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Hong Kong's Hang Seng gaining 1.97%, China's Shanghai Composite gaining 0.05% and India's BSE Sensex declining 0.39%.
Economics
The Dallas Fed Manufacturing Index will be released today.
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