S&P Jumps 1%; Regional Health Properties Shares Spike Higher

U.S. stocks traded higher midway through trading, with the S&P 500 jumping more than 1% on Monday.

The Dow traded up 0.51% to 42,949.22 while the NASDAQ gained 1.78% to 19,970.13. The S&P 500 also rose, gaining, 1.09% to 6,007.42.

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Leading and Lagging Sectors

Information technology shares jumped by 2.3% on Friday.

In trading on Friday, utilities shares fell by 1.2%.

Top Headline

The S&P Global services PMI was revised downward to 56.8 in December compared to a preliminary reading of 58.5, and versus a reading of 56.1 in November.

Equities Trading UP
                       

• Regional Health Properties, Inc. RHE shares shot up 171% to $4.2050. Regional Health announced plans to merge with SunLink in a $10 million preferred stock deal.
• Shares of SciSparc Ltd. SPRCgot a boost, surging 160% to $1.3701 after announcing the publication of a European patent application for binge behavior.
• fuboTV Inc. FUBO shares were also up, gaining 153% to $3.6610 after the company announced it entered into a definitive agreement for Disney to combine its Hulu with Fubo to form a virtual MVPD company.

Equities Trading DOWN

• AEON Biopharma, Inc. AEON shares dropped 67% to $0.1894 after the company announced the pricing of approximately $20.0 million underwritten public offering.
• Shares of BioLineRx Ltd. BLRX were down 39% to $0.1659 after the company reported a $10 million registered direct offering.
• Blue Hat Interactive Entertainment Technology BHAT was down, falling 39% to $0.0900 after the company reported the pricing of $4.4 million registered direct offering.

Commodities

In commodity news, oil traded up 1.1% to $74.75 while gold traded down 0.1% at $2,651.60.

Silver traded up 2.2% to $30.715 on Monday, while copper rose 3.1% to $4.1980.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 gained 0.54%, Germany's DAX 40 gained 1.05% and France's CAC 40 climbed 1.68%. Spain's IBEX 35 Index rose 0.82%, while London's FTSE 100 fell 0.06%.

Asia Pacific Markets

Asian markets closed lower on Monday, with Japan's Nikkei 225 falling 1.47%, China's Shanghai Composite Index falling 0.14%, Hong Kong's Hang Seng Index declining 0.36% and India's BSE Sensex falling 1.59%.

Economics

The S&P Global services PMI was revised downward to 56.8 in December compared to a preliminary reading of 58.5, and versus a reading of 56.1 in November.

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