Benzinga - by Lisa Levin, Benzinga Editor.
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 200 points on Monday.
The Dow traded up 0.60% to 35,157.62 while the NASDAQ rose 1.09% to 14,279.03. The S&P 500 also rose, gaining, 0.75% to 4,548.10.
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Leading and Lagging Sectors
Information technology shares surged by 1.1% on Monday.
In trading on Monday, utilities shares fell by 0.3%.
Top Headline
The index of leading economic indicators fell 0.8% in October.
Equities Trading UP
GD Culture Group Limited (NASDAQ: GDC) shares shot up 24% to $4.20 after the company unveiled its AI-driven digital human technology on TikTok.
Shares of Cardio Diagnostics Holdings, Inc. (NASDAQ: CDIO) got a boost, shooting 71% to $1.6950. Cardio Diagnostics Holdings announced the publication of its study in the Journal of the American Heart Association (JAHA), an official journal of the American Heart Association.
Cuentas Inc. (NASDAQ: CUEN) shares were also up, gaining 41% to $1.3350 after reporting a narrower quarterly loss.
Equities Trading DOWN
NanoString Technologies, Inc. (NASDAQ: NSTG) shares dropped 49% to $0.6497. TD Cowen downgraded NanoString Technologies from Outperform to Market Perform and lowered the price target from $6 to $1.4.
Shares of PaxMedica, Inc. (NASDAQ: PXMD) were down 38% to $1.08 after the company announced pricing of $7 million public offering of 5,384,615 shares and accompanying warrants at a price of $1.30 per unit.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) was down, falling 16% to $2.77 following weak quarterly results.
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Commodities
In commodity news, oil traded up 1.8% to $77.29 while gold traded down 0.4% at $1,976.40.
Silver traded down 1.2% to $23.56 on Monday while copper rose 1.9% to $3.8110.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.10%, London’s FTSE 100 fell 0.11% while Spain’s IBEX 35 Index rose 0.79% The German DAX fell 0.11% French CAC 40 rose 0.18%, while Italy’s FTSE MIB Index rose 0.15%.
Construction output in the Eurozone fell by 0.3% year-over-year in September. Producer prices in Germany fell by 11.0% year-over-year in October following a 14.7% decline in September.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan’s Nikkei 225 falling 0.59%, Hong Kong’s Hang Seng Index gaining 1.86% and China’s Shanghai Composite Index gaining 0.46%. India’s S&P BSE Sensex, meanwhile, fell 0.21%.
The People's Bank of China kept lending rates unchanged at the November fixing. Malaysia’s trade surplus shrank to MYR 12.9 billion in October from MYR 18.6 billion in the year-ago month.
Economics
The index of leading economic indicators fell 0.8% in October.
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