Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks traded higher this morning, with the Dow Jones gaining over 100 points on Monday.
Following the market opening Monday, the Dow traded up 0.31% to 38,104.99 while the NASDAQ rose 0.62% to 15,376.02. The S&P 500 also rose, gaining, 0.40% to 4,987.10.
Check This Out: Alphabet To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Monday
Leading and Lagging Sectors
Information technology shares climbed by 0.8% on Monday.
In trading on Monday, energy shares fell by 0.4%.
Top Headline
The Chicago Fed National Activity Index increased to +0.15 in March versus a revised reading of +0.09 in the previous month, topping market estimates of +0.09.
Equities Trading UP
- Moolec Science SA (NASDAQ:MLEC) shares shot up 118% to $3.0150 after the company announced that it received USDA approval for plant-grown animal proteins.
- Shares of NewGenIvf Group Limited (NASDAQ:NIVF) got a boost, surging 76% to $1.30 after the company signed a non-binding term sheet for a potential reverse merger with European Wellness Investment Holdings.
- SuperCom Ltd. (NASDAQ:SPCB) shares were also up, gaining 36% to $0.2987 after the company reported better-than-expected fourth-quarter results.
- Vaxxinity, Inc. (NASDAQ:VAXX) shares dropped 58% to $0.2001 after the company announced its intention to voluntarily delist and deregister its Class A common stock.
- Shares of Hepion Pharmaceuticals, Inc. (NASDAQ:HEPA) were down 37% to $1.33 after the company announced that it began wind-down activities in its Phase 2b “ASCEND-NASH Trial.
- Connexa Sports Technologies Inc. (NASDAQ:YYAI) was down, falling 57% to $0.8945.
Commodities
In commodity news, oil traded down 0.1% to $83.07 while gold traded down 2.4% at $2,356.80.
Silver traded down 4.6% to $27.525 on Monday, while copper rose 0.2% to $4.5055.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.4%, London's FTSE 100 rose 1.6% while Spain's IBEX 35 Index climbed 1% The German DAX gained 0.5% French CAC 40 rose 0.2% while Italy's FTSE MIB Index fell 1%.
Eurozone's government deficit to GDP ratio fell to 3.6% in 2023 compared to a revised 3.7% in the prior year.
Asia Pacific Markets
Asian markets closed mostly higher on Monday, with Japan's Nikkei 225 gaining 1%, Hong Kong's Hang Seng Index gaining 1.77%, China's Shanghai Composite falling 0.67% and India's S&P BSE Sensex gaining 0.77%.
The People’s Bank of China maintained its key lending rates at the April fixing.
Economics
The Chicago Fed National Activity Index increased to +0.15 in March versus a revised reading of +0.09 in the previous month, topping market estimates of +0.09.
Now Read This: Progressive, Q2 Holdings And 2 Other Stocks Insiders Are Selling
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.