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Following the market opening Monday, the Dow traded up 0.61% to 29,442.35 while the NASDAQ rose 0.12% to 11,868.79. The S&P also rose, gaining 0.38% to 3,571.09.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 12,249,520 cases with around 256,790 deaths. India confirmed a total of at least 9,139,860 confirmed cases and 133,730 deaths, while Brazil reported over 6,071400 COVID-19 cases with 169,180 deaths. In total, there were at least 58,751,190 cases of COVID-19 worldwide with over 1,389,240 deaths, according to data compiled by Johns Hopkins University.
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Leading and Lagging Sectors
Energy shares rose 3.6% on Monday. Meanwhile, top gainers in the sector included Tsakos Energy Navigation Ltd. (NYSE:TNP), up 17%, and Transocean LTD (NYSE:RIG), up 14%.
In trading on Monday, communication services shares fell 0.4%.
Top Headline
AstraZeneca Plc (NYSE:AZN) and Oxford University’s COVID-19 vaccine prevented 70% of the inoculated trial participants from developing COVID-19, early analysis of trial data indicates.
The results were based on data gathered from two different dosing regimens. One dosing regimen, given to 2,700 volunteers, showed 90% efficacy while another administered to 9,000 people had 62% efficacy.
When volunteers were given half a dose of the vaccine prior to a full dose a month later, the best results emerged.
Equities Trading UP
DPW Holdings, Inc. (NYSE:DPW) shares shot up 94% to $4.12 after the company said it would work with fast food restaurants to install EV chargers.
Shares of Kaixin Auto Holdings (NASDAQ:KXIN) got a boost, shooting 53% to $9.25 after jumping 101% on Friday.
Blink Charging Co. (NASDAQ:BLNK) shares were also up, gaining 34% to $30.42 after surging around 24% on Friday. Blink Charging, last week, announced a cable management solution for use with its electric vehicle charging stations.
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Equities Trading DOWN
Bellerophon Therapeutics, Inc. (NASDAQ:BLPH) shares tumbled 22% to $6.84 after the company announced it put a clinical hold on its COViNOX Study of ONOpulse for the treatment of COVID-19.
Shares of Montrose Environmental Group, Inc. (NYSE:MEG) were down 15% to $28.59 after the company filed for offering of 4.9 million shares of common stock by selling stockholders.
Ashford Hospitality Trust, Inc. (NYSE:AHT) was down, falling 13% to $3.5046. Ashford Hospitality Trust reported final results of exchange offers for all outstanding series of its preferred stock.
Commodities
In commodity news, oil traded up 0.9% to $42.80, while gold traded down 0.5% to $1,862.70.
Silver traded down 1.8% Monday to $23.93 while copper fell 0.5% to $3.2735.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 rose 0.2%, the Spanish Ibex Index rose 0.8%, while Italy’s FTSE MIB Index climbed 0.7%. Meanwhile, the German DAX 30 gained 0.6%, French CAC 40 rose 0.5% and London’s FTSE 100 rose 0.3%.
The Eurozone manufacturing PMI declined to 53.6 in November versus 54.8 in the earlier month, while services PMI tumbled to a six-month low of 41.3.
Economics
The Chicago Fed National Activity Index rose to 0.83 in October versus a revised reading of 0.32 in September.
The IHS Markit composite PMI climbed to 57.9 in November versus 56.3 in the prior month.
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.