U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite jumping more than 200 points on Monday.
The Dow traded up 0.08% to 42,765.84 while the NASDAQ gained 1.05% to 19,828.63. The S&P 500 also rose, gaining, 0.59% to 5,976.38.
Leading and Lagging Sectors
Information technology shares jumped by 2.1% on Monday.
In trading on Monday, utilities shares fell by 0.6%.
Top Headline
The S&P Global services PMI was revised downward to 56.8 in December compared to a preliminary reading of 58.5, and versus a reading of 56.1 in November.
Equities Trading UP
- Regional Health Properties, Inc. RHE shares shot up 131% to $3.5824. Regional Health announced plans to merge with SunLink in a $10 million preferred stock deal.
- Shares of SciSparc Ltd. SPRCgot a boost, surging 108% to $1.10 after announcing the publication of a European patent application for binge behavior.
- fuboTV Inc. FUBO shares were also up, gaining 235% to $4.83 after the company announced it entered into a definitive agreement for Disney to combine its Hulu with Fubo to form a virtual MVPD company.
Equities Trading DOWN
- AEON Biopharma, Inc. AEON shares dropped 67% to $0.1884 after the company announced the pricing of approximately $20.0 million underwritten public offering.
- Shares of BioLineRx Ltd. BLRX were down 42% to $0.1586 after the company reported a $10 million registered direct offering.
- Blue Hat Interactive Entertainment Technology BHAT was down, falling 41% to $0.0868 after the company reported the pricing of $4.4 million registered direct offering.
Commodities
In commodity news, oil traded down 0.1% to $73.92 while gold traded down 0.2% at $2,648.90.
Silver traded up 1.9% to $30.640 on Monday, while copper rose 2.4% to $4.1695.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.95%, Germany's DAX 40 gained 1.56% and France's CAC 40 climbed 2.24%. Spain's IBEX 35 Index rose 1.34%, while London's FTSE 100 rose 0.31%.
Asia Pacific Markets
Asian markets closed lower on Monday, with Japan's Nikkei 225 falling 1.47%, China's Shanghai Composite Index falling 0.14%, Hong Kong's Hang Seng Index declining 0.36% and India's BSE Sensex falling 1.59%.
Economics
The S&P Global services PMI was revised downward to 56.8 in December compared to a preliminary reading of 58.5, and versus a reading of 56.1 in November.
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