U.S. stocks traded mixed this morning, with the Dow Jones jumping over 200 points on Monday.
Following the market opening Monday, the Dow traded up 0.54% to 41,618.01 while the NASDAQ fell 0.69% to 17,562.23. The S&P 500 also fell, dropping, 0.06% to 5,622.81.
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Leading and Lagging SectorsEnergy shares jumped by 1.7% on Monday.
In trading on Monday, information technology shares fell by 1.4%.
Top Headline
The NY Empire State Manufacturing Index rose to 11.5 in September, recording the highest level since April 2022, versus -4.7 in August and market estimates of -3.9.
Equities Trading UP
- NuCana plc (NASDAQ:NCNA) shares shot up 170% to $6.85 after the company announced final data from the Phase 2 NuTide:701 study at the ESMO Congress on NUC-7738 in combination with pembrolizumab for patients with metastatic melanoma who were refractory to or had relapsed on prior PD-1 inhibitor therapy.
- Shares of Bone Biologics Corporation (NASDAQ:BBLG) got a boost, surging 47% to $1.18.
- Dermata Therapeutics, Inc. (NASDAQ:DRMA) shares were also up, gaining 42% to $2.2500.
Equities Trading DOWN
- Dunxin Financial Holdings Limited (NYSE:DXF) shares dropped 21% to $0.1053.
- Shares of Immutep Limited (NASDAQ:IMMP) were down 25% to $1.98. Immutep’s Efti in combination with MSD’s KEYTRUDA leads to efficacy with favourable safety in first line head and neck cancer.
- NWTN Inc. (NASDAQ:NWTN) was down, falling 19% to $0.7098.
CommoditiesIn commodity news, oil traded up 1.4% to $69.59 while gold traded down 0.1% at $2,608.10.
Silver traded up 0.7% to $31.28 on Monday, while copper rose 0.6% to $4.2630.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.1%, Germany's DAX fell 0.3% and France's CAC 40 fell 0.2%. Spain's IBEX 35 Index rose 0.1%, while London's FTSE 100 fell 0.02%.
The Eurozone recorded a trade surplus of EUR 21.2 billion in July, higher than market estimates of EUR 14.9 billion. Wages in the Eurozone increased 4.5% year-over-year in the second quarter, while hourly labor costs climbed by 4.7% year-over-year in the quarter. Italy reported a trade surplus of EUR 6.743 billion in July versus a year-ago surplus of EUR 6.108 billion.
Asia Pacific Markets
Asian markets closed mostly higher on Monday, with Hong Kong's Hang Seng Index gaining 0.31% and India's BSE Sensex gaining 0.12%.
Total passenger vehicle sales in India declined 1.6% year-over-year to 308,779 in August versus a 1.9% decline in the prior month.
Economics
The NY Empire State Manufacturing Index rose to 11.5 in September, recording the highest level since April 2022, versus -4.7 in August and market estimates of -3.9.
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