U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 150 points on Monday.
The Dow traded up 0.39% to 48,322.06 while the NASDAQ jumped 0.46% to 23,417.50. The S&P 500 also rose, gaining, 0.46% to 6,866.26.
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Leading and Lagging Sectors
Materials shares rose by 1.3% on Monday.
In trading on Monday, utilities stocks fell by 0.2%.
Top Headline
UniFirst Corp (NYSE:UNF) received an acquisition proposal from Cintas Corporation (NASDAQ:CTAS) for $275 per share in cash.
The offer valued UniFirst at about $5.2 billion and represents a 64% premium to its 90-day average closing price as of December 11, 2025.
Equities Trading UP
- Adeia Inc (NASDAQ:ADEA) shares shot up 28% to $16.38 after the company signed a long-term media IP license agreement with Disney and raised its 2025 outlook.
- Shares of Sidus Space, Inc. (NASDAQ:SIDU) got a boost, surging 88% to $2.18. Sidus Space was awarded a contract Under Missile Defense Agency’s SHIELD IDIQ program.
- Blacksky Technology Inc (NYSE:BKSY) shares were also up, gaining 17% to $22.55. Jefferies initiated coverage on BlackSky Technology with a Buy rating and announced a price target of $23.
Equities Trading DOWN
- Luminar Technologies, Inc. (NASDAQ:LAZR) shares dropped 61% to $0.24 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 45% to $1.55. 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 21% to $1.72 as the company announced its intent to commence a self tender offer.
Commodities
In commodity news, oil traded up 2.1% to $57.71 while gold traded up 1.8% at $4,464.20.
Silver traded up 2.2% to $68.94 on Monday, while copper fell 0.2% to $5.4970.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 declined 0.27%, while Spain’s IBEX 35 Index fell 0.14%. London’s FTSE 100 fell 0.44%, Germany’s DAX 40 fell 0.15% and France’s CAC 40 dropped 0.48% 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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