U.S. stocks traded higher this morning, with the Dow Jones index more than 150 points on Monday.
Following the market opening Monday, the Dow traded up 0.47% to 40,300.68 while the NASDAQ rose 0.13% to 17,405.94. The S&P 500 also rose, gaining, 0.31% to 5,542.29.
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Leading and Lagging Sectors
Industrials shares jumped by 0.7% on Monday.
In trading on Monday, information technology fell by 0.4%.
Top Headline
Domino’s Pizza, Inc. (NASDAQ:DPZ) reported better-than-expected earnings for its first quarter on Monday.
The company posted quarterly earnings of $4.33 per share which beat the analyst consensus estimate of $4.07 per share. The company reported quarterly sales of $1.11 billion which missed the analyst consensus estimate of $1.13 billion.
Equities Trading UP
- Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) shares shot up 47% to $2.32. Galmed signed a term sheet for the development of novel semaglutide sublingual formulation.
- Shares of CG Oncology, Inc. (NASDAQ:CGON)got a boost, surging 36% to $30.47 after the company announced that cretostimogene grenadenorepvec monotherapy data was presented at the American Urological Association Annual Meeting.
- NaaS Technology Inc. (NASDAQ:NAAS) shares were also up, gaining 53% to $2.75. NaaS Technology, last week, announced a 1-for-800 ADS ratio change.
Equities Trading DOWN
- Spruce Biosciences, Inc. (NASDAQ:SPRB) shares dropped 31% to $0.09 after the company announced it approved a plan to implement a workforce reduction.
- Shares of Pineapple Financial Inc. (NASDAQ:PAPL) were down 17% to $0.2241.
- Protara Therapeutics, Inc. (NASDAQ:TARA) was down, falling 24% to $3.30 as the company announced interim results highlighting durable clinical responses with TARA-002 In high-risk NMIBC.
Commodities
In commodity news, oil traded down 0.2% to $62.92 while gold traded up 0.3% at $3,306.70.
Silver traded down 0.3% to $32.91 on Monday, while copper rose 0.4% to $4.9120.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.7%, Germany's DAX 40 gained 0.7% and France's CAC 40 gained 1%. Spain's IBEX 35 Index gained 0.7%, while London's FTSE 100 rose 0.4%.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei 225 surging 0.38%, China's Shanghai Composite falling 0.20%, Hong Kong's Hang Seng Index falling 0.04% and India's BSE Sensex gaining 1.27%.
Economics
The Dallas Fed manufacturing index will be released today.
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