U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Monday.
Following the market opening Monday, the Dow traded up 0.18% to 48,222.17 while the NASDAQ jumped 0.56% to 23,439.24. The S&P 500 also rose, gaining, 0.45% to 6,864.96.
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Leading and Lagging Sectors
Energy shares rose by 1.3% on Monday.
In trading on Monday, utilities stocks fell by 0.5%.
Top Headline
The Chicago Fed National Activity Index increased to -0.21 in September from a reading of -0.31 in August.
Equities Trading UP
- Haoxin Holdings Limited (NASDAQ:HXHX) shares shot up 118% to $0.7513.
- Shares of Sidus Space, Inc. (NASDAQ:SIDU) got a boost, surging 78% to $2.0650. Sidus Space was awarded a contract Under Missile Defense Agency’s SHIELD IDIQ program.
- Jyong Biotech Ltd. (NASDAQ:MENS) shares were also up, gaining 36% to $4.32.
Equities Trading DOWN
- Luminar Technologies, Inc. (NASDAQ:LAZR) shares dropped 60% to $0.2396 after jumping around 175% on Friday. Luminar Technologies, last week, announced that it initiated voluntary Chapter 11 proceedings to pursue court-supervised sale processes for its core businesses.
- Shares of EUDA Health Holdings Limited (NASDAQ:EUDA) were down 25% to $2.09. EUDA Health Holdings announced a strategic technology integration to introduce QB Utility Token into Digital Health and Rewards Platform.
- Anebulo Pharmaceuticals, Inc. (NASDAQ:ANEB) was down, falling 20% to $1.74 as the company announced its intent to commence a self tender offer.
Commodities
In commodity news, oil traded up 2.2% to $57.75 while gold traded up 1.7% at $4,463.30.
Silver traded up 2.5% to $69.150 on Monday, while copper fell 0.1% to $5.5085.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 declined 0.3%, while Spain’s IBEX 35 Index fell 0.2%. London’s FTSE 100 fell 0.5%, Germany’s DAX 40 fell 0.3% and France’s CAC 40 dropped 0.5% during the session.
Asia Pacific Markets
Asian markets closed higher on Monday, with Japan’s Nikkei 225 gaining 1.81%, Hong Kong’s Hang Seng gaining 0.43%, China’s Shanghai Composite rising 0.69% and India’s BSE Sensex rising 0.75%.
Economics
The Chicago Fed National Activity Index increased to -0.21 in September from a reading of -0.31 in August.
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