U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 400 points on Monday.

The Dow traded up 1.27% to 32,267.56 while the NASDAQ rose 0.28% to 11,663.46. The S&P 500, also rose, gaining, 0.92% to 3,952.53.

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Leading and Lagging Sectors

Top Headline

Foot Locker Inc (NYSE:FL) posted upbeat results for its fourth quarter.

The company reported a fourth-quarter FY22 sales decline of 0.30% year-on-year to $2.33 billion, beating the consensus of $2.15 billion. Adjusted EPS of $0.97 beat the analyst consensus of $0.51.

Equities Trading UP

Equities Trading DOWN

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Commodities

In commodity news, oil traded down 0.7% to $66.25 while gold traded up 0.4% at $1,981.20.

Silver traded up 0.7% to $22.625 on Monday while copper rose 1.8% to $3.9635.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 0.98%, London’s FTSE 100 rose 0.93% while Spain’s IBEX 35 Index rose 1.3%. The German DAX gained 1.12%, French CAC 40 climbed 1.27% and Italy’s FTSE MIB Index rose 1.59%.

Asia Pacific Markets

Asian markets closed lower on Monday, with Japan’s Nikkei 225 dropping 1.42%, Hong Kong’s Hang Seng Index dropping 2.65% and China’s Shanghai Composite Index declining 0.48%. India’s S&P BSE Sensex fell 0.6%.

Economics

There were no major US economic releases Monday.

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COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 105,735,650 cases with around 1,150,130 deaths. India confirmed a total of at least 44,692,710 cases and 530,790 deaths, while France reported over 39,675,450 COVID-19 cases with 165,260 deaths. In total, there were at least 682,048,540 cases of COVID-19 worldwide with more than 6,815,400 deaths.