U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 400 points on Monday.

Following the market opening Monday, the Dow traded down 1.72% to 38,467.82 while the NASDAQ fell 2.52% to 15,875.36. The S&P 500 also fell, dropping, 1.95% to 5,179.64.

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Leading and Lagging SectorsMaterials shares fell by just 0.5% on Monday.

In trading on Monday, consumer discretionary shares tumbled by 3%.

Top Headline

Netflix Inc. (NASDAQ:NFLX) reported stronger-than-expected first-quarter financial results after the closing bell on Thursday.

The company said it expects second-quarter revenue of $11.04 billion and earnings per share of $6.61.

Equities Trading UP                       

• Upexi, Inc. (NASDAQ:UPXI) shares shot up 560% to $15.32 after the company announced a private placement with approximately $100 million in gross proceeds.
• Shares of SHF Holdings, Inc. (NASDAQ:SHFS)got a boost, surging 93% to $4.12 after gaining 18% on Thursday. SHF Holdings announced a strategic partnership with FundCanna to expand access to capital for cannabis operators.
• Dogwood Therapeutics, Inc. (NASDAQ:DWTX) shares were also up, gaining 62% to $6.91.

Equities Trading DOWN

• Thunder Power Holdings, Inc. (NASDAQ:AIEV) shares dropped 60% to $0.0541 after the company received delisting notice from the Nasdaq.
• Shares of Lixiang Education Holding Co., Ltd. (NASDAQ:LXEH) were down 51% to $3.32.
• American Rebel Holdings, Inc. (NASDAQ:AREB) was down, falling 49% to $2.6201.

CommoditiesIn commodity news, oil traded down 2.9% to $62.78 while gold traded up 3.3% at $3,437.20.

Silver traded up 1.1% to $32.83 on Monday, while copper rose 1.2% to $4.7955.

Asia Pacific Markets

Asian markets closed mixed on Monday, with Japan's Nikkei 225 falling 1.30%, China's Shanghai Composite gaining 0.45% and India's BSE Sensex gaining 1.09%.

Economics

No major economic data is scheduled for release today.

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