Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining around 20 points on Monday.
The Dow traded down 0.04% to 38,093.41 while the NASDAQ rose 0.15% to 4,891.83. The S&P 500 also rose, gaining, 0.02% to 4,891.83.
Check This Out: American Airlines To Rally Around 32%? Here Are 10 Top Analyst Forecasts For Monday
Leading and Lagging Sectors
Consumer discretionary shares rose by 0.3% on Monday.
In trading on Monday, energy shares fell by 0.7%.
Top Headline
The Federal Reserve Bank of Dallas’s general business activity index for manufacturing in Texas fell 17 points to a reading of -27.4 in January.
Equities Trading UP
Palisade Bio, Inc. (NASDAQ: PALI) shares shot up 102% to $1.06 after the company requested the withdrawal of a recently filed registration statement. Also, the company announced preclinical data of its lead program PALI-2108 at the 2024 Crohn's & Colitis Congress.
Shares of SoFi Technologies, Inc. (NASDAQ: SOFI) got a boost, surging 23% to $9.41 after the company reported better-than-expected quarterly revenue.
Cardlytics, Inc. (NASDAQ: CDLX) shares were also up, gaining 31% to $7.58 after the company announced it entered into a settlement agreement with SRS and updated preliminary fourth-quarter 2023 results.
Equities Trading DOWN
Panbela Therapeutics, Inc. (NASDAQ: PBLA) shares dropped 66% to $1.4499 after the company announced pricing of a roughly $9 million public offering.
Shares of Bullfrog AI Holdings, Inc. (NASDAQ: BFRG) were down 21% to $5.58. Bullfrog AI filed shelf offering of 786,938 shares and accompanying warrants at $6.63 per share and accompanying warrant.
Bloom Energy Corporation (NYSE: BE) was down, falling 7% to $11.57 after B of A Securities downgraded the stock from Neutral to Underperform.
Also Check This Out: Top 3 Consumer Stocks That May Crash In January
Commodities
In commodity news, oil traded down 1.3% to $77.03 while gold traded up 0.3% at $2,022.80.
Silver traded up 0.7% to $23.03 on Monday while copper rose 0.4% to $3.8655.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 rose 0.07%, London’s FTSE 100 rose 0.02% while Spain’s IBEX 35 Index fell 0.66% The German DAX fell 0.29% French CAC 40 slipped 0.02% while Italy’s FTSE MIB Index fell 0.83%.
The Credit Union Consumer Sentiment Index in Ireland climbed to 74.2 in January versus a reading of 62.4 in December.
Asia Pacific Markets
Asian markets closed mostly higher on Monday, with Japan’s Nikkei 225 gaining 0.77%, Hong Kong’s Hang Seng Index gaining 0.78% and China’s Shanghai Composite Index falling 0.92%. India’s S&P BSE Sensex, meanwhile, jumped 1.74%.
Profits earned by Chinese industrial firms declined 2.3% year-over-year to CNY 7,685.83 billion last year. The Domestic Supply Price Index in Singapore declined 1.1% year-over-year in December, while Malaysia’s producer prices fell 1.3% year-over-year in December.
Economics
The Federal Reserve Bank of Dallas’s general business activity index for manufacturing in Texas fell 17 points to a reading of -27.4 in January.
Now Read This: Meta Platforms, Caterpillar And 2 Other Stocks Insiders Are Selling
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.