Midway through trading Monday, the Dow traded down 0.46% to 26797.24 while the NASDAQ fell 0.83% to 8,094.37. The S&P also fell, dropping 0.52% to 2,974.90.
Leading and Lagging Sectors
Real estate shares rose 0.2% on Monday. Meanwhile, top gainers in the sector included Realogy Holdings Corp. (NYSE:RLGY), up 4%, and CBL & Associates Properties, Inc (NYSE:CBL), up 3%.
In trading on Monday, information technology shares fell 1%.
Top Headline
Deutsche Bank AG (NYSE:DB) confirmed over the weekend it will eliminate 18,000 jobs by 2022 to save 17 billion euros ($19 billion USD).
Deutsche Bank plans on eliminating its global equities sales and trading business and cut back its investment banking business to improve profitability. The restructuring plan will result in a net loss of 2.8 billion euros in the second quarter and is expected to cost 7.4 billion euros through 2022.
Equities Trading UP
Taronis Technologies, Inc. (NASDAQ:TRNX) shares shot up 63% to $0.3404 after the company generated record MagneGas production.
Shares of Sol-Gel Technologies Ltd. (NASDAQ:SLGL) got a boost, shooting up 19% to $10.60 after announcing positive results from its Phase 3 program evaluating Epsolay microencapsulated benzoyl peroxide cream, 5%, made with the company’s proprietary microencapsulation technology, for the treatment of papulopustular rosacea.
Soliton, Inc. (NASDAQ:SOLY) shares were also up, gaining 27% to $14.50. Soliton will announce cellulite trial data for 26-week period on July 15, 2019.
Equities Trading DOWN
Intra-Cellular Therapies, Inc. (NASDAQ:ITCI) shares tumbled 24% to $10.23 after the company released mixed study results from two Phase 3 clinical trials evaluating lumateperone as monotherapy in the treatment of major depressive episodes associated with bipolar depression.
Shares of CannTrust Holdings Inc. . (NYSE:CTST) were down 19% to $4.0168 after Health Canada notified the company that its greenhouse facility in Ontario is not compliance with certain regulations and placed a hold on inventory from this until the company is in compliance.
Nano Dimension Ltd. (NASDAQ:NNDM) was down, falling 20% to $0.4179 after the company reported preliminary Q2 sales of $1 million to $1.2 million, which is below management's expectations. Nano Dimension announced it's conducting a review of strategic alternatives. The company states there can be no assurance that the exploration of strategic alternatives will result in a transaction.
Commodities
In commodity news, oil traded up 1.2% to $58.19, while gold traded down 0.1% to $1,399.30.
Silver traded up 0.4% Monday to $15.055, while copper rose 0.2% to $2.665.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 fell 0.19%, the Spanish Ibex Index fell 0.55%, while Italy’s FTSE MIB Index dropped 0.12%. Meanwhile, the German DAX declined 0.29%, and the French CAC 40 fell 0.21% while UK shares fell 0.07%.
Economics
The TD Ameritrade Investor Movement Index for June is schedule for release at 12:30 p.m. ET.
Data on consumer credit for May will be released at 3:00 p.m. ET.
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