U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 300 points on Monday.
Following the market opening Monday, the Dow traded up 0.82% to 42,331.37 while the NASDAQ climbed 1.49% to 18,049.82. The S&P 500 also rose, gaining, 1.07% to 5,728.47.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 2.2% on Monday.
In trading on Monday, health care shares gained by just 0.1%.
Top Headline
The Chicago Fed National Activity Index rose to 0.18 in February versus a reading of -0.08 in January.
Equities Trading UP
- Integrated Media Technology Limited (NASDAQ:IMTE) shares shot up 94% to $1.3699 after dipping over 42% on Friday.
- Shares of TEN Holdings, Inc. (NASDAQ:XHLD)got a boost, surging 66% to $2.33 after announcing the Company’s ability to add conversational AI solutions to its service offering through a new partnership announced by V-Cube Inc.
- Treasure Global Inc. (NASDAQ:TGL) shares were also up, gaining 50% to $0.1652 after the company announced a strategic initiative to develop and deploy an advanced artificial intelligent cloud infrastructure in Malaysia.
Equities Trading DOWN
- WANG & LEE GROUP, Inc. (NASDAQ:WLGS) shares dropped 84% to $0.8107 after the company announced the pricing of $12.0 million registered direct offering.
- Shares of 23andMe Holding Co. (NASDAQ:ME) were down 46% to $0.96 after the company announced it has initiated voluntary Chapter 11 bankruptcy to pursue a strategic sale and secured $35M in DIP financing.
- Unity Biotechnology, Inc. (NASDAQ:UBX) was down, falling 29% to $1.2999 after the company reported topline results from the ASPIRE Phase 2b study in diabetic macular edema.
Commodities
In commodity news, oil traded up 0.1% to $68.30 while gold traded up 0.4% at $3,032.20.
Silver traded up 0.6% to $33.675 on Monday, while copper rose 0.8% to $5.1560.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.3%, Germany's DAX 40 fell 0.3% and France's CAC 40 fell 0.5%. Spain's IBEX 35 Index fell 0.3%, while London's FTSE 100 slipped 0.2%.
Asia Pacific Markets
Asian markets closed higher on Monday, with Japan's Nikkei 225 falling 0.18%, China's Shanghai Composite Index rising 0.15%, Hong Kong's Hang Seng Index gaining 0.91% and India's BSE Sensex gaining 1.40%.
Economics
The Chicago Fed National Activity Index rose to 0.18 in February versus a reading of -0.08 in January.
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