U.S. stocks traded higher this morning, with the Dow Jones index gaining around 50 points on Monday.

Following the market opening Monday, the Dow traded up 0.12% to 44,394.34 while the NASDAQ rose 0.46% to 20,991.55. The S&P 500 also rose, gaining, 0.28% to 6,314.37.

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Leading and Lagging SectorsCommunication services shares jumped by 1.3% on Monday.

In trading on Monday, health care stocks dipped by 0.4%.

Top Headline

Verizon Communications Inc. (NYSE:VZ) reported better-than-expected second-quarter financial results and raised guidance.

Verizon posted adjusted earnings of $1.22 per share, beating market estimates of $1.19 per share. The company's quarterly sales came in at $34.50 billion beating expectations of $33.57 billion.

Equities Trading UP           

• ProMIS Neurosciences, Inc. (NASDAQ:PMN) shares shot up 132% to $1.0299 after the company announced the FDA granted received Fast Track designation to PMN310.
• Shares of ZimVie Inc. (NASDAQ:ZIMV) got a boost, surging 122% to $18.73 after the company agreed to be acquired by ARCHIMED for $19.00 per share in cash.
• reAlpha Tech Corp. (NASDAQ:AIRE) shares were also up, gaining 80% to $0.3453. reAlpha Tech announced the closing of $2 million public offering.

Equities Trading DOWN

• OceanPal Inc.  (NASDAQ:OP) shares dropped 67% to $0.5390 after the company priced an upsized $18 million public offering of 10.975 million units at $1.64 per unit.
• Shares of Erayak Power Solution Group Inc. (NASDAQ:RAYA) were down 63% to $1.14.
• Top Wealth Group Holding Limited (NASDAQ:TWG) was down, falling 24% to $7.31.

CommoditiesIn commodity news, oil traded down 0.5% to $67.02 while gold traded up 1.1% at $3,396.40.

Silver traded up 1.8% to $39.145 on Monday, while copper rose 0.4% to $5.6250.

Euro zone

European shares were lower today. The eurozone's STOXX 600 slipped 0.2%, while Spain's IBEX 35 Index fell 0.2%. London's FTSE 100 slipped 0.1%, Germany's DAX 40 declined 0.2% and France's CAC 40 dipped 0.6% during the session.

Asia Pacific Markets

Asian markets closed higher on Monday, with Hong Kong's Hang Seng gaining 0.68%, China's Shanghai Composite gaining 0.72% and India's BSE Sensex rising 0.54%.

Economics

No major economic reports are scheduled for release today.

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