Gold Down Over 1%; Salarius Pharmaceuticals Shares Surge

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling around 150 points on Monday.

The Dow traded up 0.64% to 42,206.46 while the NASDAQ dipped 0.79% to 19,010.47. The S&P 500 also fell, dropping, 0.11% to 5,820.34.

Check This Out: How To Earn $500 A Month From Fastenal Stock Ahead Of Q4 Earnings

Leading and Lagging Sectors

Energy shares rose by 1.6% on Monday.

In trading on Monday, utilities shares tumbled by 1.8%.

Top Headline

U.S. consumer inflation expectations for the year ahead came in unchanged at 3% in December, the same as in the previous month.

Equities Trading UP

Phio Pharmaceuticals Corp. PHIO shares shot up 426% to $6.43 after the company reported promising results of second cohort from its ongoing clinical study of PH-762.
Shares of Salarius Pharmaceuticals, Inc. SLRXgot a boost, surging 159% to $4.04. Salarius Pharmaceuticals and Decoy Therapeutics announced a definitive merger agreement.
Intra-Cellular Therapies, Inc. ITCI shares were also up, gaining 34% to $127.42 after Johnson & Johnson agreed to acquire the company for $132.00 per share in cash for a total equity value of approximately $14.6 billion.

Equities Trading DOWN

Moderna, Inc. MRNA shares dropped 20% to $33.67 after the company updated its 2025 expected revenue range to $1.5 billion to $2.5 billion, below analyst estimates of $2.951 billion.
Shares of Abercrombie & Fitch Co. ANF were down 18% to $132.09 after issuing mixed fourth-quarter and FY24 guidance.
Comtech Telecommunications Corp. CMTL was down, falling 48% to $2.15 after the company announced downbeat quarterly results.

Commodities

In commodity news, oil traded up 2.7% to $78.66 while gold traded down 1.4% at $2,677.60.

Silver traded down 3.1% to $30.345 on Monday, while copper rose 0.4% to $4.3195.

Euro zone

European shares closed lower today. The eurozone's STOXX 600 declined 0.55%, Germany's DAX 40 fell 0.41% and France's CAC 40 dipped 0.30%. Spain's IBEX 35 Index fell 0.28%, while London's FTSE 100 slipped 0.29%.

Asia Pacific Markets

Asian markets closed lower on Monday, with China's Shanghai Composite Index falling 0.25%, Hong Kong's Hang Seng Index declining 1% and India's BSE Sensex falling 1.36%.

Economics

U.S. consumer inflation expectations for the year ahead came in unchanged at 3% in December, the same as in the previous month.

Now Read This: