Gold Gains 1%; CXApp Shares Spike Higher

U.S. stocks traded lower toward the end of trading, with the S&P 500 falling around 0.3% on Monday.

The Dow traded down 0.67% to 39,538.91 while the NASDAQ fell 0.06% to 16,369.44. The S&P 500 also fell, dropping, 0.30% to 5,238.49.

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Leading and Lagging Sectors

 

Communication services shares jumped by 1.3% on Monday.

In trading on Monday, real estate shares fell by 1.6%.

 

Top Headline

 

Torrid Holdings Inc. CURV reported better-than-expected fourth-quarter financial results on Thursday.

 

Equities Trading UP

 

CXApp Inc. CXAI shares shot up 145% to $6.00 after the company announced a partnership with Google Cloud for acceleration of the CXAI platform.

Shares of Sunshine Biopharma, Inc. SBFM got a boost, surging 72% to $0.1039 after the company FY23 operating results.

Doma Holdings Inc. DOMA shares were also up, gaining 34% to $6.07 after the company entered a merger transaction with TRG to go private at $6.29 per share in cash.

 

Equities Trading DOWN

 

Nuvve Holding Corp. NVVE shares dropped 28% to $0.7897 after the company reported worse-than-expected fourth-quarter financial results.

Shares of AEON Biopharma, Inc. AEON were down 41% to $6.83 after the company reported a fourth-quarter loss of 71 cents per share.

Disc Medicine, Inc. IRON was down, falling 47% to $32.90 after the company reported topline results from the Phase 2 AURORA study of bitopertin in patients with EPP.

 

Commodities

 

In commodity news, oil traded up 0.8% to $83.80 while gold traded up 1% at $2,261.30.

Silver traded up 0.8% to $25.12 on Monday, while copper rose 1.1% to $4.0505.

 

Economics

 

The ISM manufacturing PMI rose to 50.3 in March versus 47.8 in February and topping market estimates of 48.4.

U.S. construction spending fell by 0.3% from the prior month in February.

The S&P Global manufacturing PMI was revised lower to 51.9 in March compared to a preliminary reading of 52.5.

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