Following the market opening Monday, the Dow traded down 0.30% to 34,329.01 while the NASDAQ rose 0.60% to 14,446.74. The S&P also rose, gaining 0.04% to 4,282.58.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 33,625,390 cases with around 603,960 deaths. India confirmed a total of at least 30,279,330 cases and 396,730 deaths, while Brazil reported over 18,420,590 COVID-19 cases with 513,470 deaths. In total, there were at least 181,167,050 cases of COVID-19 worldwide with more than 3,924,860 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Information technology shares jumped by 1% on Monday. Meanwhile, top gainers in the sector included QAD Inc. (NASDAQ:QADB), up 78%, and JinkoSolar Holding Co., Ltd. (NYSE:JKS), up 10%.
In trading on Monday, energy shares fell 2.8%.
Top Headline
Perion Network Ltd (NASDAQ:PERI) reported preliminary second-quarter FY21 revenue growth of 74% year-on-year to $105 million, exceeding the consensus of $95.86 million.
Perion Network raised the FY21 revenue guidance from the previous $390 million - $410 million to $410 million- $430 million. The Adjusted EBITDA outlook increased from $39 million - $41 million to $49 million $51 million.
Equities Trading UP
Intellia Therapeutics, Inc. (NASDAQ:NTLA) shares shot up 45% to $128.87 after the company announced positive clinical data for its CRISPR therapy.
Shares of Marin Software Incorporated (NASDAQ:MRIN) got a boost, shooting 36% to $5.19. Marin Software, last week, announced it has added the ability to manage Instacart Ads to its flagship MarinOne platform.
New Senior Investment Group Inc. (NYSE:SNR) shares were also up, gaining 25% to $8.67. Ventas announced plans to acquire New Senior Investment Group in a transaction valued at $2.3 billion.
Check out these big movers of the day
Equities Trading DOWN
CEL-SCI Corporation (NYSE:CVM) shares tumbled 28% to $18.00. CEL-SCI announced results from its Phase 3 study for its immunotherapy Multikine for advanced previously untreated squamous cell carcinoma of the head and neck (SCCHN).
Shares of Kiromic BioPharma, Inc. (NASDAQ:KRBP) were down 22% to $7.84. Kiromic Biopharma announced the company will be presenting at 2021 Next-Gen Immuno Oncology Congress showcasing its proprietary AI targets for off-the-shelf allogenic CAR-T for solid tumors.
Acurx Pharmaceuticals, Inc. (NASDAQ:ACXP) was down, falling 19% to $6.41. Acurx Pharmaceuticals shares climbed over 31% on Friday after the company priced its IPO at $6 per share.
Commodities
In commodity news, oil traded down 0.4% to $73.77, while gold traded down 0.1% to $1,775.30.
Silver traded down 0.1% Monday to $26.115 while copper fell 0.3% to $4.2790.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 slipped 0.1%, the Spanish Ibex Index fell 1.2% and the German DAX 30 rose 0.2%. Meanwhile, the London’s FTSE 100 fell 0.4%, French CAC 40 dropped 0.3% and Italy’s FTSE MIB declined 0.4%.
Import prices in Germany increased 11.8% year-over-year in May versus a 10.3% surge in the earlier month .
Economics
The Dallas Fed manufacturing index for June is scheduled for release at 10:30 a.m. ET. After a strong 34.9 reading in May, analysts expect the index retreating to 32.5 in June.
Philadelphia Fed President Patrick Harker will speak at 11:00 a.m. ET.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
Fed Vice Chairman for Supervision Randal Quarles is set to speak at 1:10 p.m. ET.
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