U.S. stocks traded mixed toward the end of trading, with the S&P 500 gaining around 0.5% on Monday.
The Dow traded down 0.06% to 42,815.78 while the NASDAQ climbed 0.90% to 19,748.00. The S&P 500 also rose, gaining, 0.54% to 5,962.84.
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Leading and Lagging Sectors
Communication services shares jumped by 0.9% on Monday.
In trading on Friday, consumer staples shares fell by 1.2%.
Top Headline
U.S. building permits gained by 5.2% to an annualized rate of 1.493 million in November compared to initial estimates of 1.505 million.
Equities Trading UP
- Traws Pharma, Inc. TRAW shares shot up 144% to $12.23 after the company announced progress in the development of Tivoxavir Marboxi.
- Shares of Reliance Global Group, Inc. RELIgot a boost, surging 212% to $3.7401 after the company issued a year-end review of its operations, as well as a look to the future.
- Rumble Inc. RUM shares were also up, gaining 86% to $13.36 after the company announced it has entered into a definitive agreement for a strategic investment of $775 million from Tether.
Equities Trading DOWN
- iLearningEngines, Inc. AILE shares dropped 74% to $0.2313 after the company announced it voluntarily filed for Chapter 11 Bankruptcy.
- Shares of MGO Global, Inc. MGOL were down 53% to $0.4479 after the company announced the pricing of upsized $6.0 million public offering.
- Castellum, Inc. CTM was down, falling 30% to $0.4216 after the company announced the pricing of a $3.6 million registered direct offering of 9.47 million shares at $0.38 per share.
Commodities
In commodity news, oil traded down 0.1% to $69.37 while gold traded down 0.7% at $2,626.90.
Silver traded up 0.9% to $30.235 on Monday, while copper fell 0.4% to $4.0835.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 gained 0.14%, Germany's DAX fell 0.18% and France's CAC 40 fell 0.03%. Spain's IBEX 35 Index fell 0.28%, while London's FTSE 100 rose 0.22%.
Asia Pacific Markets
Asian markets closed mostly higher on Monday, with Japan's Nikkei 225 gaining 1.19%, Hong Kong's Hang Seng Index gaining 0.82%, China's Shanghai Composite Index declining 0.50% and India's BSE Sensex gaining 0.64%.
Economics
- The Chicago Fed National Activity Index rose to -0.12 in November compared to a revised reading of -0.5 in October.
- U.S. durable goods orders fell 1.1% month-over-month to $285.1 billion in November compared to a revised 0.8% gain in October and versus market estimates of a 0.4% decline.
- U.S. building permits gained by 5.2% to an annualized rate of 1.493 million in November compared to initial estimates of 1.505 million.
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