U.S. stocks traded mostly lower this morning, with the Nasdaq Composite falling around 200 points on Monday.

Following the market opening Monday, the Dow traded down 0.04% to 49,506.27 while the NASDAQ dipped 0.78% to 26,021.41. The S&P 500 also fell, dropping, 0.37% to 7,380.86.

Leading and Lagging Sectors

Energy shares jumped by 1.8% on Monday.

In trading on Monday, information technology stocks fell by 1.6%.

Top Headline

Brady Corporation (NYSE:BRC) reported upbeat first-quarter earnings on Monday before the market opened.

Brady reported adjusted earnings per share of $1.50, beating the consensus estimate of $1.34. In addition, it reported revenue of $435.23 million, beating the consensus estimate of $406.07 million, and representing a 13.8% increase year-over-year.

Equities Trading UP
           

Equities Trading DOWN

Commodities

In commodity news, oil traded up 1.4% to $106.93 while gold traded down 0.3% at $4,546.40.

Silver traded down 0.6% to $77.070 on Monday, while copper rose 0.2% to $6.3065.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 0.5%, while Spain's IBEX 35 Index rose 0.8%. London's FTSE 100 gained 1.3%, Germany's DAX rose 1.5%, while France's CAC 40 rose 0.4%.

Asia Pacific Markets

Asian markets closed mixed on Monday, with Japan's Nikkei 225 falling 0.97%, Hong Kong's Hang Seng Index dipping 1.11%, China's Shanghai Composite declining 0.09% and India's BSE Sensex gaining 0.10%

Economics

• The NAHB/Wells Fargo Housing Market Index climbed to 37 in May from 34 in April.
• The New York Fed's Services Business Activity Index rose 8.2 points to a reading of -5.8 in May.

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