U.S. stocks traded slightly higher this morning, with the Dow Jones moving higher by around 20 points on Monday.

Following the market opening Monday, the Dow traded up 0.06% to 34,529.57 while the NASDAQ rose 0.25% to 14,149.04. The S&P 500, also rose, gaining, 0.06% to 4,508.18.

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Leading and Lagging Sectors

• Financial shares climbed by 0.6% on Monday.
• In trading on Monday, health care shares fell by 0.7%.
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• Top Headline

• The NY Empire State Manufacturing Index fell by 5.5 points from the prior month to a reading of +1.1 in July, topping market estimates of -4.3.

Equities Trading UP

• ProMIS Neurosciences, Inc. (NASDAQ:PMN) shares shot up 117% to $6.11. ProMIS showcased preclinical data at the Alzheimer's Association International Conference 2023 on computationally-derived antibody and vaccine from Alzheimer's pipeline.
• Shares of BridgeBio Pharma, Inc. (NASDAQ:BBIO) got a boost, shooting 61% to $29.36 after the company's Phase 3 ATTRibute-CM study of acoramidis for transthyretin amyloid cardiomyopathy met its primary endpoint.
• Acumen Pharmaceuticals, Inc. (NASDAQ:ABOS) shares were also up, gaining 61% to $10.08 after the company presented topline results from Phase 1 study of ACU193 for early Alzheimer's disease at the Alzheimer's Association International Conference 2023.

Equities Trading DOWN

• Novan, Inc. (NASDAQ:NOVN) shares dropped 67% to $0.2033 after the company entered into agreement to sell substantially all of its assets, including Berdazimer Gel, 10.3%, and filed for Chapter 11 protection.
• Shares of ViewRay, Inc. (NASDAQ:VRAY) were down 65% to $0.1262 after the company filed voluntary Chapter 11 petitions.
• BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) was down, falling 54% to $1.39 after the company priced 1,733,334 shares offering at $1.50 per share.
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Commodities

In commodity news, oil traded down 1.3% to $74.46 while gold traded down 0.3% at $1,957.70.

Silver traded down 0.8% to $24.995 on Monday while copper fell 2.7% to $3.8270.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 0.7%, London’s FTSE 100 slipped 0.3% while Spain’s IBEX 35 Index slipped 0.3% The German DAX declined 0.6% French CAC 40 declined 1.4% and Italy’s FTSE MIB Index fell 0.4%.

The annual inflation rate in Italy eased to a 14-month low level of 6.4% in June, down from 7.6% in the earlier month.

Asia Pacific Markets

Asian markets closed mixed on Monday, with China’s Shanghai Composite Index falling 0.87% and India’s S&P BSE Sensex rising 0.8%.

The Chinese economy advanced by 6.3% year-over-year during the second quarter, higher than a 4.5% growth in the prior quarter, but missing expectations of 7.3%. Chinese retail sales rose by 3.1% year-over-year in June, compared to a 12.7% growth in May. The country’s industrial production climbed 4.4% year-over-year in June, topping market views of 2.7%, while average new home prices in the country came in flat year-over-year in June. The People's Bank of China held its one-year medium-term lending facility rate at 2.65%.

Economics

The NY Empire State Manufacturing Index fell by 5.5 points from the prior month to a reading of +1.1 in July, topping market estimates of -4.3.

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COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 107,394,980 cases with around 1,168,880 deaths. India confirmed a total of at least 44,994,870 cases and 531,910 deaths, while France reported over 40,138,560 COVID-19 cases with 167,640 deaths. In total, there were at least 691,481,970 cases of COVID-19 worldwide with more than 6,899,730 deaths.