U.S. stocks traded lower this morning, with the Dow Jones index falling more than 200 points on Monday.
The Dow traded down 0.63% to 41,787.93 while the NASDAQ fell 0.04% to 18,233.26. The S&P 500 also fell, dropping, 0.18% to 5,718.35.
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Leading and Lagging Sectors
Energy shares rose by 2% on Monday.
In trading on Monday, utilities shares fell by 1.1%.
Top Headline
Marriott International (NASDAQ:MAR) reported worse-than-expected third-quarter financial results and issued FY24 adjusted EPS guidance below estimates.
The company reported a third-quarter adjusted EPS of $2.26, missing the street view of $2.31. Quarterly sales of $6.26 billion marginally missed the analyst consensus of $6.27 billion.
Equities Trading UP
- Nuwellis, Inc. (NASDAQ:NUWE) shares shot up 126% to $3.0800 after the company announced preliminary third-quarter financial results.
- Shares of Simpple Ltd. (NASDAQ:SPPL) got a boost, surging 72% to $0.5514.
- Advent Technologies Holdings, Inc. (NASDAQ:ADN) shares were also up, gaining 68% to $3.2001 after the company announced its RHyno project secured a €34.5 million grant from the EU Innovation Fund to advance fuel cell and hydrogen technology.
Equities Trading DOWN
- 1847 Holdings LLC (NYSE:EFSH) shares dropped 38% to $0.2894. The company on Friday announced a 1-for-15 reverse stock split of its common shares, effective November 11.
- Shares of The E.W. Scripps Company (NASDAQ:SSP) were down 35% to $2.2850 following downbeat quarterly earnings.
- Fundamental Global Inc. (NASDAQ:FGF) was down, falling 29% to $15.51.
Commodities
In commodity news, oil traded up 2.4% to $71.16 while gold traded down 0.1% at $2,746.70.
Silver traded down 0.2% to $32.625 on Monday, while copper rose 1.4% to $4.4355.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.2%, Germany's DAX fell 0.4% and France's CAC 40 fell 0.4%. Spain's IBEX 35 Index fell 0.1%, while London's FTSE 100 rose 0.3%.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Hong Kong's Hang Seng Index gaining 0.30%, China's Shanghai Composite Index gaining 1.17% and India's BSE Sensex falling 1.18%.
Economics
U.S. factory orders declined by 0.5% from the previous month to $584.2 billion in September compared to a revised 0.8% fall in August.
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