Dow Surges Over 200 Points; Greenland Technologies Shares Slide

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 200 points on Monday.

The Dow traded up 0.60% to 35,157.62 while the NASDAQ rose 1.09% to 14,279.03. The S&P 500 also rose, gaining, 0.75% to 4,548.10.

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Leading and Lagging Sectors

 

Information technology shares surged by 1.1% on Monday.

In trading on Monday, utilities shares fell by 0.3%.

 

Top Headline

 

The index of leading economic indicators fell 0.8% in October.

 

Equities Trading UP

 

GD Culture Group Limited GDC shares shot up 24% to $4.20 after the company unveiled its AI-driven digital human technology on TikTok.

Shares of Cardio Diagnostics Holdings, Inc. CDIO got a boost, shooting 71% to $1.6950. Cardio Diagnostics Holdings announced the publication of its study in the Journal of the American Heart Association (JAHA), an official journal of the American Heart Association.

Cuentas Inc. CUEN shares were also up, gaining 41% to $1.3350 after reporting a narrower quarterly loss.

 

Equities Trading DOWN

 

NanoString Technologies, Inc. NSTG shares dropped 49% to $0.6497. TD Cowen downgraded NanoString Technologies from Outperform to Market Perform and lowered the price target from $6 to $1.4.

Shares of PaxMedica, Inc. PXMD were down 38% to $1.08 after the company announced pricing of $7 million public offering of 5,384,615 shares and accompanying warrants at a price of $1.30 per unit.

Greenland Technologies Holding Corporation GTEC was down, falling 16% to $2.77 following weak quarterly results.

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Commodities

 

In commodity news, oil traded up 1.8% to $77.29 while gold traded down 0.4% at $1,976.40.

Silver traded down 1.2% to $23.56 on Monday while copper rose 1.9% to $3.8110.

 

Euro zone

 

European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.10%, London’s FTSE 100 fell 0.11% while Spain’s IBEX 35 Index rose 0.79% The German DAX fell 0.11% French CAC 40 rose 0.18%, while Italy’s FTSE MIB Index rose 0.15%.

Construction output in the Eurozone fell by 0.3% year-over-year in September. Producer prices in Germany fell by 11.0% year-over-year in October following a 14.7% decline in September.

 

Asia Pacific Markets

 

Asian markets closed mixed on Monday, with Japan’s Nikkei 225 falling 0.59%, Hong Kong’s Hang Seng Index gaining 1.86% and China’s Shanghai Composite Index gaining 0.46%. India’s S&P BSE Sensex, meanwhile, fell 0.21%.

The People's Bank of China kept lending rates unchanged at the November fixing. Malaysia’s trade surplus shrank to MYR 12.9 billion in October from MYR 18.6 billion in the year-ago month.

 

Economics

 

The index of leading economic indicators fell 0.8% in October.

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