U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining over 100 points on Monday.
The Dow traded down 0.19% to 33,062.85 while the NASDAQ rose 0.80% to 13,088.09. The S&P 500 also rose, gaining, 0.28% to 4,236.12.
Leading and Lagging Sectors
Communication services shares rose by 1.3% on Monday.
In trading on Monday, energy shares dipped by 1.9%.
Top Headline
The Chicago Fed National Activity Index climbed to +0.02 in September versus a revised reading of -0.22 in the prior month.
Equities Trading UP
LumiraDx Limited LMDX shares shot up 282% to $0.3321 after the company reported a strategic collaboration with AstraZeneca and Everton in the Community to set up England’s first community-based heart and lung screening hub.
Shares of INVO Bioscience, Inc. INVO got a boost, shooting 295% to $2.1350 as the company agreed to acquire NAYA Biosciences in an all-stock transaction.
Akumin Inc. AKU shares were also up, gaining 149% to $0.3629 after the company reached an agreement with Stonepeak to become a private company.
Equities Trading DOWN
Li-Cycle Holdings Corp. LICY shares dropped 44% to $1.28 after the company announced plans to halt construction work on its Rochester Hub project, pending completion of a comprehensive review of the go-forward strategy for the project..
Shares of Revolution Medicines, Inc. RVMD were down 39% to $17.20 after the company announced it presented clinical activity and safety data from its Phase 1/1b trial of RMC-6236.
Apollomics, Inc. APLM was down, falling 43% to $1.00 after the company announced the presentation of vebreltinib efficacy and safety data from the KUNPENG clinical trial at ESMO 2023.
Also Check This Out: Top 4 Consumer Stocks That May Crash This Quarter
Commodities
In commodity news, oil traded down 2.6% to $85.79 while gold traded down 0.3% at $1,987.60.
Silver traded down 1.4% to $23.185 on Monday while copper rose 0.6% to $3.5840.
Euro zone
European shares closed mixed today. The eurozone’s STOXX 600 fell 0.13%, London’s FTSE 100 fell 0.37% while Spain’s IBEX 35 Index fell 0.37% The German DAX rose 0.02% French CAC 40 rose 0.50%, while Italy’s FTSE MIB Index gained 0.74%.
Asia Pacific Markets
Asian markets closed lower on Monday, with Japan’s Nikkei 225 falling 0.83% and China’s Shanghai Composite Index falling 1.47%. India’s S&P BSE Sensex, meanwhile, fell 0.8%.
Food prices in Singapore rose by 4.3% year-over-year in September following a 4.8% increase in August. Singapore's annual inflation rate rose to 4.1% in September from August's level of 4.0%.
Economics
The Chicago Fed National Activity Index climbed to +0.02 in September versus a revised reading of -0.22 in the prior month.
Now Read This: $15M Bet On Day One Biopharmaceuticals? Check Out These 3 Stocks Insiders Are Buying
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.