U.S. stocks traded blended midway through trading, with the Dow Jones acquiring more than 100 points on Monday.
The Dow traded up 0.30% to 41,710.68 while the NASDAQ fell 1.29% to 17,099.00. The S&P 500 likewise fell, dropping, 0.41% to 5,557.99.
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Leading and Lagging Sectors
Customer staples shares leapt by 1.2% on Monday.
In trading on Monday, customer discretionary shares fell by 1.5%.
Leading Heading
The Dallas Fed’s basic organization activity index for Texas production fell 8 indicate a reading of -16.3 in March, decreasing to its weakest level given that July 2024.
Equities Trading UP
- Southern States Bancshares, Inc. SSBK shares soared 10% to $35.70 after FB Financial revealed it will get the business in a $381 million merger offer.
- Shares of Corcept Therapies Incorporated CORT got an increase, rising 83% to $100.08 after the business revealed it satisfied its main endpoint for its Stage 3 ROSELLA trial of Relacorilant.
- Mr. Cooper Group Inc. CAGE shares were likewise up, acquiring 17% to $122.49 after the business revealed it will be gotten by Rocket Business in a $9.4 billion all-stock offer.
Equities Trading DOWN
- Taysha Gene Therapies, Inc. TSHA shares dropped 25% to $1.44.
- Shares of Vaxcyte, Inc. PCVX were down 51% to $34.26 after the business supplied updates on the pneumococcal conjugate vaccine.
- NewGenIvf Group Limited NIVF was down, falling 33% to $0.6299 after the business revealed it has actually ended its suggested reverse merger with European Health.
Products
In product news, oil traded up 2.6% to $71.14 while gold traded up 1.2% at $3,152.30.
Silver traded down 0.4% to $34.67 on Monday, while copper fell 1.9% to $5.0340.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 decreased 1.45%, Germany’s DAX 40 fell 1.29% and France’s CAC 40 decreased 1.51%. Spain’s IBEX 35 Index fell 1.17%, while London’s FTSE 100 fell 0.82%.
Asia Pacific Markets
Asian markets closed lower on Monday, with Japan’s Nikkei 225 falling 4.05%, China’s Shanghai Composite Index decreasing 0.46% and Hong Kong’s Hang Seng Index dipping 1.31%.
Economics
- The Chicago PMI reached 47.6 in March from 45.5 in the previous month and topping market price quotes of 45.2.
- The Dallas Fed’s basic organization activity index for Texas production fell 8 indicate a reading of -16.3 in March, decreasing to its weakest level given that July 2024.
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Momentum 89.49
Development 69.92
Quality 96.54
Worth 28.94
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