Following the market opening Monday, the Dow traded up 1.18% to 26131.57 while the NASDAQ rose 1.78% to 10,389.35. The S&P also rose, gaining 1.25% to 3,169.22.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 2,888,720 cases with around 129,940 deaths. Brazil confirmed a total of over 1,603,050 COVID-19 cases with 64,860 deaths, while India reported a total of at least 697,410 confirmed cases and 19,690 deaths. In total, there were at least 11,465,630 cases of COVID-19 worldwide with over 534,780 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Financial shares climbed 2.2% on Monday. Meanwhile, top gainers in the sector included UP Fintech Holding Limited TIGR, up 25%, and China Life Insurance Company Limited LFC, up 21%.
In trading on Monday, utilities shares fell 0.3%.
Top Headline
The ISM non-manufacturing PMI climbed to 57.1 in June, versus a reading of 45.4 in May. However, analysts were expecting a reading of 50.
Equities Trading UP
Ayro, Inc. AYRO shares shot up 80% to $5.86 after jumping 18% on Thursday
Shares of Electrameccanica Vehicles Corp. SOLO got a boost, shooting 44% to $4.49 after jumping more than 34% on Thursday.
NIO Inc. NIO shares were also up, gaining 25% to $11.76. NIO shares jumped around 19% on Thursday after the company reported a 179.1% year-over-year surge in June deliveries.
Equities Trading DOWN
BELLUS Health Inc. BLU shares tumbled 77% to $2.725 after the company's phase 2 trial of BLU-5937 for chronic cough missed its primary endpoint.
Shares of ObsEva SA OBSV were down 39% to $3.7298 after the company ObSeva reported positive results for the late-stage PRIMROSE 1 and PRIMROSE 2 studies that evaluated its linzagolix in uterine fibroids.
Eltek Ltd. ELTK was down, falling 19% to $4.27.
Commodities
In commodity news, oil traded down 0.1% to $40.60, while gold traded down 0.3% to $1,785.20.
Silver traded up 0.9% Monday to $18.49, while copper rose 0.2% to $2.754.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 rose 1.5%, the Spanish Ibex Index surged 2.5%, while Italy’s FTSE MIB Index gained 1.8%. Meanwhile, the German DAX 30 climbed 1.8%, French CAC 40 climbed 1.7% and UK shares rose 1.9%.
Economics
The IHS Markit US services PMI rose to 47.9 in June versus a preliminary reading of 46.7 and above May's reading of 37.5.
The ISM non-manufacturing PMI climbed to 57.1 in June, versus a reading of 45.4 in May. However, analysts were expecting a reading of 50.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
The TD Ameritrade Investor Movement Index for June will be released at 12:30 p.m. ET.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
