Crude Oil Moves Lower; Goldman Sachs Posts Upbeat Results

U.S. stocks traded higher toward the end of trading, with the Dow Jones index rising more than 150 points on Monday.

The Dow traded up 0.44% to 40,178.06 while the NASDAQ rose 0.29% to 18,451.73. The S&P 500 also rose, gaining, 0.25% to 5,629.59.

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Leading and Lagging Sectors

Energy shares jumped by 2% on Monday.

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

Top Headline

Goldman Sachs Group Inc. GS reported better-than-expected results for its second quarter.

Goldman posted revenue of $12.730 billion for the second quarter, beating the consensus of $12.456 billion. The U.S. financial services giant reported GAAP EPS of $8.62, beating the consensus of $8.35.

Equities Trading UP
                       

• Scinai Immunotherapeutics Ltd. SCNI shares shot up 38% to $5.62 after the company announced in-vivo preclinical study results of NanoAb.
• Shares of Autonomix Medical, Inc. AMIX got a boost, surging 155% to $1.5250 after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Generator.
• Trump Media & Technology Group Corp. DJT shares were also up, gaining 34% to $41.28 following the attempted assassination of Donald Trump.

Equities Trading DOWN

• ASLAN Pharmaceuticals Limited ASLN shares dropped 46% to $1.35 after the company announced receipt of Nasdaq delisting determination.
• Shares of Catheter Precision, Inc. VTAK were down 14% to $3.29. Catheter Precision announced effectiveness of 1-for-10 reverse stock split.
• Lexeo Therapeutics, Inc LXEO was down, falling 27% to $12.77 after the company reported interim data of LX2006 for the treatment of Friedreich ataxia cardiomyopathy.

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Commodities

In commodity news, oil traded down 0.6% to $81.75 while gold traded up 0.5% at $2,433.00.

Silver traded down 0.5% to $31.015 on Monday, while copper fell 1.6% to $4.5190.

Euro zone

European shares closed lower today. The eurozone's STOXX 600 fell 1.02, Germany's DAX fell 0.84% and France's CAC 40 fell 1.19%. Spain's IBEX 35 Index fell 0.96%, while London's FTSE 100 fell 0.85%.

Industrial production in the Eurozone declined 0.6% month-over-month in May following a flat reading in the prior month.

Asia Pacific Markets

Asian markets closed mixed on Monday, with Hong Kong's Hang Seng Index falling 1.52%, China's Shanghai Composite Index gaining 0.09% and India's S&P BSE Sensex gaining 0.18%.

Indian merchandise trade deficit increased to $21 billion in June from $20.1 billion in the year-ago period, while wholesale prices rose by 3.36% year-over-year in June following a 2.61% increase in the prior month. Total passenger vehicle sales in India surged 5.0% year-over-year to 294,133 in June.

Chinese retail sales increased by 2% year-over-year in June, while industrial production climbed by 5.3% year-over-year in June. The Chinese economy expanded by 0.7% in the second quarter, compared to a revised 1.5% increase in the prior quarter.

Economics

The NY Empire State Manufacturing Index fell to a reading of -6.6 in July, compared to market estimates of -6.

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