U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 1% on Monday.

The Dow traded up 0.07% to 44,332.96 while the NASDAQ gained 1.06% to 19,729.75. The S&P 500 also rose, gaining, 0.55% to 6,059.14.

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Leading and Lagging Sectors

Energy shares surged by 1.8% on Monday.

In trading on Monday, financial shares fell by 1%.

Top Headline

Shares of ON Semiconductor Corp (NASDAQ:ON) dipped around 8% on Monday after the company posted downbeat quarterly results.

The company reported a fiscal fourth-quarter 2024 revenue decline of 15% year-on-year to $1.72 billion, missing the analyst consensus estimate of $1.76 billion.

The adjusted EPS of $0.95 missed the analyst consensus estimate of $0.97.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded up 1.1% to $71.78 while gold traded up 1.7% at $2,937.40.

Silver traded up 0.7% to $32.670 on Monday, while copper rose 2.2% to $4.6875.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 0.60%, Germany's DAX 40 rose 0.61% and France's CAC 40 rose 0.36%. Spain's IBEX 35 Index rose 0.09%, while London's FTSE 100 rose 0.88%.

Asia Pacific Markets

Asian markets closed mostly higher on Monday, with Japan's Nikkei 225 gaining 0.04%, China's Shanghai Composite Index climbing 0.56%, Hong Kong's Hang Seng Index gaining 1.84% and India's BSE Sensex falling 0.70%.

Economics

Data on US consumer inflation expectations will be released today

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