US Stocks Edge Lower; Dow Falls 50 Points

U.S. stocks traded mostly lower this morning, with the Dow Jones index falling over 50 points on Monday.

Following the market opening Monday, the Dow traded down 0.13% to 43,219.80 while the NASDAQ slipped 0.01% to 18,487.82. The S&P 500 also fell, dropping, 0.04% to 5,862.15.

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Leading and Lagging Sectors

Energy shares jumped by 0.6% on Monday.

In trading on Monday, real estate shares fell by 0.7%.

Top Headline

Spirit Airlines, Inc. SAVE announced that on October 11, it modified its card processing agreement to extend the deadline for its 2025 notes from October 21 to December 23 and the early maturity date from December 31 to March 3.

Equities Trading UP
                       

• Genprex, Inc. GNPX shares shot up 148% to $1.04.
• Shares of GRI Bio, Inc. GRI got a boost, surging 142% to $1.4050.
• Siyata Mobile Inc. SYTA shares were also up, gaining 125% to $2.27 after the company announced its next-generation SD7 Ultra series 5G mission-critical push-to-talk cellular radio handsets will be available on T-Mobile’s 5G network.

Equities Trading DOWN

• 1847 Holdings LLC EFSH shares dropped 22% to $4.0750.
• Shares of JIADE Limited JDZG were down 23% to $1.61.
• Gritstone bio, Inc. GRTS was down, falling 20% to $0.0378.

Commodities

In commodity news, oil traded up 1.6% to $70.32 while gold traded up 0.8% at $2,751.70.

Silver traded up 3.5% to $34.395 on Monday, while copper rose 0.7% to $4.4150.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.4%, Germany's DAX fell 0.7% and France's CAC 40 fell 0.7%. Spain's IBEX 35 Index fell 0.4%, while London's FTSE 100 fell 0.2%.

Producer prices in Germany fell 1.4% year-over-year in September compared to a 0.8% decline in the prior two months.

Asia Pacific Markets

Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 0.07%, Hong Kong's Hang Seng Index dipped 1.57%, China's Shanghai Composite Index gaining 0.20% and India's BSE Sensex falling 0.09%.

The People’s Bank of China cut its one-year loan prime rate by 25bps to 3.1% at the October fixing.

Economics

No major economic reports are scheduled for release today.

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