U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 150 points on Monday.
Following the market opening Monday, the Dow traded down 0.40% to 45,447.15 while the NASDAQ rose 0.25% to 21,550.35. The S&P 500 also fell, dropping, 0.07% to 6,462.28.
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Leading and Lagging Sectors
Communication services shares jumped by 0.7% on Monday.
In trading on Monday, consumer staples stocks fell by 1.2%.
Top Headline
PDD Holdings (NASDAQ:PDD) reported upbeat fiscal second-quarter 2025 results.
Revenue grew 7% year-on-year (Y/Y) to $14.52 billion (103.98 billion Chinese yuan), topping the analyst consensus estimate of $14.35 billion. The Chinese online retailer’s adjusted earnings per ADS of $3.08 (22.07 Chinese yuan) decreased from 23.24 Chinese yuan Y/Y, topping the analyst consensus estimate of $1.91.
Equities Trading UP
- OSR Holdings, Inc. (NASDAQ:OSRH) shares shot up 106% to $1.0589.
- Shares of Capstone Holding Corp. (NASDAQ:CAPS) got a boost, surging 55% to $1.7001. Capstone announced the closing of its previously announced acquisition of Carolina Stone Products ahead of schedule.
- HCW Biologics Inc. (NASDAQ:HCWB) shares were also up, gaining 65% to $5.68 after the company announced its scientists have developed pembrolizumab-based immunotherapeutics against solid tumors.
Equities Trading DOWN
- ESSA Pharma Inc. (NASDAQ:EPIX) shares dropped 59% to $0.7827.
- Shares of ModivCare Inc. (NASDAQ:MODV) were down 33% to $0.7122 after the company received Nasdaq delisting letter following Chapter 11 filing.
- EpicQuest Education Group International Limited (NASDAQ:EEIQ) was down, falling 40% to $0.7448 after the company announced a $3.7 million registered direct offering of 5.07 million shares at $0.73 per share.
Commodities
In commodity news, oil traded up 1.7% to $64.73 while gold traded up 0.1% at $3,418.90.
Silver traded down 0.6% to $38.815 on Monday, while copper rose 0.6% to $4.4840.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.4%, while Spain's IBEX 35 Index fell 0.9%. Germany's DAX 40 fell 0.4% and France's CAC 40 fell 1.5% during the session.
Asia Pacific Markets
Asian markets closed higher on Monday, with Japan's Nikkei 225 gaining 0.41%, Hong Kong's Hang Seng gaining 1.94%, China's Shanghai Composite gaining 1.51% and India's BSE Sensex gaining 0.40%.
Economics
- The Dallas Fed's general business activity index for Texas manufacturing declined to -1.8 in August compared to 0.9 in the previous month.
- Sales of new single-family homes in the U.S. fell by 0.6% to an annualized rate of 652,000 units in July following a revised 4.1% gain in the previous period.
- The Chicago Fed National Activity Index declined to -0.19 in July versus a revised reading of -0.18 in June.
- Building permits fell by 2.2% to an annualized rate of 1.362 million in June.
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