Gold Down Over 3%; Rigetti Computing Shares Spike Higher

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 400 points on Monday.

The Dow traded up 0.95% to 44,718.05 while the NASDAQ rose 0.25% to 19,050.84. The S&P 500 also rose, gaining, 0.29% to 5,986.39.

Check This Out: Jim Cramer Says This Stock Is A Bitcoin Play And He Prefers To Own Bitcoin

Leading and Lagging Sectors

Consumer discretionary shares jumped by 1.6% on Monday.

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

Top Headline

The Dallas Fed’s Texas manufacturing activity index rose to -2.7 in November compared to a reading of -3 in the previous month and versus market estimates of -2.4.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded down 3.3% to $68.92 while gold traded down 3.4% at $2,621.10.

Silver traded down 3.4% to $30.265 on Monday, while copper rose 0.2% to $4.0925.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 0.06%, Germany's DAX gained 0.43% and France's CAC 40 rose 0.03%. Spain's IBEX 35 Index rose 0.47%, while London's FTSE 100 gained 0.36%.

The Ifo Business Climate indicator for Germany fell to 85.7 in November compared to 86.5 in October and down from market expectations of 86. Producer prices in Spain fell by 3.9% year-over-year in October.

Asia Pacific Markets

Asian markets closed mixed on Monday, with Japan's Nikkei 225 gaining 1.30%, Hong Kong's Hang Seng Index falling 0.41%, China's Shanghai Composite Index falling 0.11% and India's BSE Sensex gaining 1.25%.

Economics

  • The Chicago Fed National Activity Index fell to -0.40 in October compared to -0.27 in the previous month and versus market estimates of -0.20.
  • The Dallas Fed’s Texas manufacturing activity index rose to -2.7 in November compared to a reading of -3 in the previous month and versus market estimates of -2.4.

Now Read This:

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.