U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 400 points on Monday.
Following the market opening Monday, the Dow traded down 1.72% to 38,467.82 while the NASDAQ fell 2.52% to 15,875.36. The S&P 500 also fell, dropping, 1.95% to 5,179.64.
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Leading and Lagging Sectors
Materials shares fell by just 0.5% on Monday.
In trading on Monday, consumer discretionary shares tumbled by 3%.
Top Headline
Netflix Inc. (NASDAQ:NFLX) reported stronger-than-expected first-quarter financial results after the closing bell on Thursday.
The company said it expects second-quarter revenue of $11.04 billion and earnings per share of $6.61.
Equities Trading UP
- Upexi, Inc. (NASDAQ:UPXI) shares shot up 560% to $15.32 after the company announced a private placement with approximately $100 million in gross proceeds.
- Shares of SHF Holdings, Inc. (NASDAQ:SHFS)got a boost, surging 93% to $4.12 after gaining 18% on Thursday. SHF Holdings announced a strategic partnership with FundCanna to expand access to capital for cannabis operators.
- Dogwood Therapeutics, Inc. (NASDAQ:DWTX) shares were also up, gaining 62% to $6.91.
Equities Trading DOWN
- Thunder Power Holdings, Inc. (NASDAQ:AIEV) shares dropped 60% to $0.0541 after the company received delisting notice from the Nasdaq.
- Shares of Lixiang Education Holding Co., Ltd. (NASDAQ:LXEH) were down 51% to $3.32.
- American Rebel Holdings, Inc. (NASDAQ:AREB) was down, falling 49% to $2.6201.
Commodities
In commodity news, oil traded down 2.9% to $62.78 while gold traded up 3.3% at $3,437.20.
Silver traded up 1.1% to $32.83 on Monday, while copper rose 1.2% to $4.7955.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei 225 falling 1.30%, China's Shanghai Composite gaining 0.45% and India's BSE Sensex gaining 1.09%.
Economics
No major economic data is scheduled for release today.
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