S&P 500 Edges Lower; Yum China Earnings Top Views

U.S. stocks traded mostly lower toward the end of trading, with the S&P 500 slipping around 0.1% on Monday.

The Dow traded down 0.53% to 41,828.27 while the NASDAQ fell 0.04% to 18,230.05. The S&P 500 also fell, dropping, 0.11% to 5,722.67.

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Leading and Lagging Sectors

Energy shares rose by 1.7% on Friday.

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

Top Headline

Yum China Holdings, Inc. YUMC shares gained more than 8% on Monday after the company reported better-than-expected third-quarter EPS and revenues.

Revenue increased 5% year over year to $3.07 billion, beating the consensus of $3.05 billion. Adjusted EPS of 77 cents surpassed the street view of 68 cents.

Equities Trading UP
                       

• Nuwellis, Inc. NUWE shares shot up 90% to $2.5803 after the company announced preliminary third-quarter financial results.
• Shares of Neurogene Inc. NGNE got a boost, surging 43% to $65.71 after the company entered a securities purchase agreement for a PIPE investment, expected to bring in gross proceeds of $200 million.
• Advent Technologies Holdings, Inc. ADN shares were also up, gaining 62% to $3.07 after the company announced its RHyno project secured a €34.5 million grant from the EU Innovation Fund to advance fuel cell and hydrogen technology.

Equities Trading DOWN

• 1847 Holdings LLC EFSH shares dropped 36% to $0.2974. The company on Friday announced a 1-for-15 reverse stock split of its common shares, effective November 11.
• Shares of The E.W. Scripps Company SSP were down 38% to $2.2000 following downbeat quarterly earnings.
• Centrus Energy Corp. LEU was down, falling 27% to $80.50 after the company announced an offering of $350 million in convertible senior notes due 2030.

Commodities

In commodity news, oil traded up 2.7% to $71.38 while gold traded down 0.1% at $2,748.10.

Silver traded down 0.1% to $32.660 on Monday, while copper rose 1.4% to $4.4340.

Euro zone

European shares closed mostly lower today. The eurozone's STOXX 600 fell 0.33%, Germany's DAX fell 0.44% and France's CAC 40 fell 0.37%. Spain's IBEX 35 Index fell 0.32%, while London's FTSE 100 rose 0.29%.

Asia Pacific Markets

Asian markets closed mixed on Monday, with Hong Kong's Hang Seng Index gaining 0.30%, China's Shanghai Composite Index gaining 1.17% and India's BSE Sensex falling 1.18%.

Economics

U.S. factory orders declined by 0.5% from the previous month to $584.2 billion in September compared to a revised 0.8% fall in August.

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