U.S. stocks traded higher this morning, with the Dow Jones gaining more than 800 points on Monday.
Following the market opening Monday, the Dow traded up 1.87% to 46,429.56 while the NASDAQ jumped 1.96% to 22,071.52. The S&P 500 also rose, gaining, 1.75% to 6,620.06.
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Leading and Lagging Sectors
Consumer discretionary shares climbed by 3% on Monday.
In trading on Monday, energy stocks rose by just 0.3%.
Top Headline
The Chicago Fed National Activity Index declined to -0.11 in February versus a revised reading of +0.20 in the previous month.
Equities Trading UP
- Apogee Therapeutics Inc (NASDAQ:APGE) shares shot up 19% to $78.50 after the company announced 52-week maintenance data from Part A of its Phase 2 APEX clinical trial of zumilokibart, a potential best-in-class anti-IL-13 antibody, in patients with moderate-to-severe atopic dermatitis.
- Shares of Mangoceuticals Inc (NASDAQ:MGRX) got a boost, surging 114% to $0.35.
- urban-gro Inc (NASDAQ:UGRO) shares were also up, gaining 70% to $3.71 after the company announced that its merger with Sri Lanka’s Innovative Production Group, including its portfolio of T20 league commercial rights, has been completed.
Equities Trading DOWN
- Hitek Global Inc (NASDAQ:HKIT) shares dropped 83% to $0.21.
- Shares of Linkers Industries Ltd (NASDAQ:LNKS) were down 82% to $0.12 after the company announced a $16 million public offering.
- Valneva SE (NASDAQ:VALN) was down, falling 35% to $6.74. Pfizer (NYSE:PFE) and Valneva disclosed topline results from Phase 3 VALOR clinical trial of investigational 6-Valent OspA-based Lyme disease vaccine candidate PF-0730740.
Commodities
In commodity news, oil traded down 9.9% to $88.53 while gold traded down 2.5% at $4,460.40.
Silver traded down 0.1% to $69.625 on Monday, while copper rose 1.7% to $5.4655.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 1.6%, while Spain's IBEX 35 Index rose 2.2%. London's FTSE 100 rose 0.8%, Germany's DAX gained 2.4% and France's CAC 40 gained 1.9% during the session.
Asia Pacific Markets
Asian markets closed lower on Monday, with Japan's Nikkei 225 falling 3.48%, Hong Kong's Hang Seng index falling 3.54%, China's Shanghai Composite falling 3.63% and India's BSE Sensex falling 2.46%.
Economics
- The Chicago Fed National Activity Index declined to -0.11 in February versus a revised reading of +0.20 in the previous month.
- U.S. construction spending fell 0.3% month-over-month in January to an annual rate of $2.19 trillion, compared to a revised 0.8% gain in December.
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