Dow Gains Over 100 Points; NewGenIvf Group Shares Plummet

U.S. stocks traded mixed midway through trading, with the Dow Jones gaining more than 100 points on Monday.

The Dow traded up 0.30% to 41,710.68 while the NASDAQ fell 1.29% to 17,099.00. The S&P 500 also fell, dropping, 0.41% to 5,557.99.

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Leading and Lagging Sectors

Consumer staples shares jumped by 1.2% on Monday.

In trading on Monday, consumer discretionary shares fell by 1.5%.

Top Headline

The Dallas Fed’s general business activity index for Texas manufacturing fell 8 points to a reading of -16.3 in March, declining to its weakest level since July 2024.

Equities Trading UP

Southern States Bancshares, Inc. SSBK shares shot up 10% to $35.70 after FB Financial announced it will acquire the company in a $381 million merger deal.
Shares of Corcept Therapeutics Incorporated CORTgot a boost, surging 83% to $100.08 after the company announced it met its primary endpoint for its Phase 3 ROSELLA trial of Relacorilant.
Mr. Cooper Group Inc. COOP shares were also up, gaining 17% to $122.49 after the company announced it will be acquired by Rocket Companies in a $9.4 billion all-stock deal.

Equities Trading DOWN

Taysha Gene Therapies, Inc. TSHA shares dropped 25% to $1.44.
Shares of Vaxcyte, Inc. PCVX were down 51% to $34.26 after the company provided updates on the pneumococcal conjugate vaccine.
NewGenIvf Group Limited NIVF was down, falling 33% to $0.6299 after the company announced it has terminated its proposed reverse merger with European Wellness.

Commodities

In commodity news, oil traded up 2.6% to $71.14 while gold traded up 1.2% at $3,152.30.

Silver traded down 0.4% to $34.67 on Monday, while copper fell 1.9% to $5.0340.

Euro zone

European shares were lower today. The eurozone's STOXX 600 declined 1.45%, Germany's DAX 40 fell 1.29% and France's CAC 40 declined 1.51%. Spain's IBEX 35 Index fell 1.17%, while London's FTSE 100 fell 0.82%.

Asia Pacific Markets

Asian markets closed lower on Monday, with Japan's Nikkei 225 falling 4.05%, China's Shanghai Composite Index declining 0.46% and Hong Kong's Hang Seng Index dipping 1.31%.

Economics

The Chicago PMI climbed to 47.6 in March from 45.5 in the previous month and topping market estimates of 45.2.
The Dallas Fed’s general business activity index for Texas manufacturing fell 8 points to a reading of -16.3 in March, declining to its weakest level since July 2024.

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