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Following the market opening Monday, the Dow traded up 0.39% to 26572.78 while the NASDAQ rose 1.24% to 10,491.67. The S&P also rose, gaining 0.58% to 3,234.33.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 4,234,140 cases with around 146,930 deaths. Brazil confirmed a total of over 2,419,090 COVID-19 cases with 87,000 deaths, while India reported a total of at least 1,435,610 confirmed cases and 32,770 deaths. In total, there were at least 16,264,040 cases of COVID-19 worldwide with over 648,960 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Materials shares rose 1.3% on Monday. Meanwhile, top gainers in the sector included Koppers Holdings Inc. (NYSE:KOP), up 21%, and Platinum Group Metals Ltd. (NYSE:PLG), up 17%.
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In trading on Monday, utilities shares fell 1.2%.
Top Headline
RPM International Inc. (NYSE:RPM) reported better-than-expected results for its fourth quarter.
RPM International posted quarterly earnings of $1.13 per share, beating analysts’ estimates of $1.01 per share. The company reported sales of $1.46 billion, exceeding expectations of $1.40 billion.
Equities Trading UP
Sogou Inc. (NYSE:SOGO) shares shot up 47% to $8.43 after the company received a preliminary non-binding acquisition offer from Tencent at $9 per share in cash.
Shares of Wilhelmina International, Inc. (NASDAQ:WHLM) got a boost, shooting 109% to $7.74 after gaining around 6% on Friday.
Socket Mobile, Inc. (NASDAQ:SCKT) shares were also up, gaining 128% to $3.43 following news the company launched its DuraSled barcode scanner sled for mobile device protector, XCover Pro.
Equities Trading DOWN
WiMi Hologram Cloud Inc. (NASDAQ:WIMI) shares tumbled 30% to $7.89 after the company priced its 7.56 million ADS offering at $8.18 per ADS.
Shares of WISeKey International Holding AG (NASDAQ:WKEY) were down 19% to $7.68 after jumping 34% on Friday.
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Sequential Brands Group, Inc. (NASDAQ:SQBG) was down, falling 17% to $5.74.
Commodities
In commodity news, oil traded up 0.3% to $41.40, while gold traded up 2.2% to $1,938.70.
Silver traded up 7.4% Monday to $24.545, while copper rose 0.2% to $2.898.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.2%, the Spanish Ibex Index fell 1.5%, while Italy’s FTSE MIB Index declined 0.2%. Meanwhile, the German DAX 30 gained 0.3%, French CAC 40 declined 0.2% and UK shares fell 0.2%.
Economics
U.S. durable goods orders climbed 7.3% in June after rising 15.1% in May.
The Dallas Fed manufacturing index for July is scheduled for release at 10:30 a.m. ET.
The Treasury is set to auction 6-month bills and 2-year notes at 11:30 a.m. ET.
The Treasury will auction 3-month bills and 5-year notes at 1:00 p.m. ET.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.