Nasdaq Surges Over 100 Points; NY Empire State Manufacturing Index Dips In December

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Monday.

Following the market opening Monday, the Dow traded up 0.15% to 43,894.92 while the NASDAQ rose 0.58% to 20,042.53. The S&P 500 also rose, gaining, 0.36% to 6,073.16.

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Leading and Lagging Sectors

Communication services shares jumped by 0.8% on Monday.

In trading on Monday, energy shares fell by 0.7%.

Top Headline

The NY Empire State Manufacturing Index declined to 0.20 in December compared to 31.2 in the previous month, and down from market estimates of 12.

Equities Trading UP
                       

• Webuy Global Ltd WBUY shares shot up 95% to $0.3415 after the company announced it joined NVIDIA’s AI accelerator program to boost its E-commerce operations.
• Shares of SEALSQ Corp LAES got a boost, surging 52% to $2.66. SEALSQ announced the integration of its advanced post-quantum cryptography technology to secure electronic identities and documents via a strategic initiative, developed in collaboration with WISeID.COM.
• Sidus Space, Inc. SIDU shares were also up, gaining 50% to $2.1505.

Equities Trading DOWN

• Zoomcar Holdings, Inc. ZCAR shares dropped 67% to $1.67.
• Shares of SOBR Safe, Inc. SOBR were down 64% to $1.2899.
• Akoustis Technologies, Inc. AKTS was down, falling 28% to $0.0491 after the company announced it filed for Chapter 11 and is initiating the strategic sale of the business amid the Qorvo legal dispute.

Commodities

In commodity news, oil traded down 0.7% to $70.82 while gold traded down 0.1% at $2,673.00.

Silver traded up 0.1% to $31.060 on Monday, while copper fell 0.1% to $4.1945.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.2%, Germany's DAX fell 0.4% and France's CAC 40 fell 0.7%. Spain's IBEX 35 Index slipped 0.1%, while London's FTSE 100 fell 0.3%.

Asia Pacific Markets

Asian markets closed lower on Monday, with Japan's Nikkei 225 falling 0.03%, Hong Kong's Hang Seng Index dipping 0.88%, China's Shanghai Composite Index falling 0.16% and India's BSE Sensex falling 0.47%.

Economics

• The NY Empire State Manufacturing Index declined to 0.20 in December compared to 31.2 in the previous month, and down from market estimates of 12.
• The S&P Global services PMI climbed to 58.5 in December versus 56.1 in November.
• The S&P Global manufacturing PMI declined to 48.3 in December compared to 49.7 in the prior month.

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