U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining more than 100 points on Monday.

Following the market opening Monday, the Dow traded down 0.05% to 29,574.61 while the NASDAQ rose 1.18% to 10,996.37. The S&P 500 also rose, gaining, 0.43% to 3,709.16.

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Top Headline

The Chicago Fed National Activity Index declined to 0 in August compared to a five-month high level of 0.29 in the previous month.

Equities Trading UP

Equities Trading DOWN

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Commodities

In commodity news, oil traded up 1.8% to $80.13, while gold traded down 0.2% at $1,653.10.

Silver traded up 0.3% to $18.965 on Monday while copper rose 0.4% to $3.3560.

Euro zone

European shares were mixed today. The eurozone’s STOXX 600 fell 0.1%, London’s FTSE 100 fell 0.1% while Spain’s IBEX 35 Index fell 0.6%. The German DAX gained 0.1%, French CAC 40 rose 0.1% and Italy’s FTSE MIB Index gained 0.8%.

The Ifo Business Climate indicator for Germany fell to 84.3 in September 2022, down from market expectations of 87.0, while Spanish producer price inflation accelerated to 41.8% in August versus a revised 40.5% in the prior month.

Economics

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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 97,905,910 cases with around 1,081,710 deaths. India confirmed a total of at least 44,572,240 cases and 528,530 deaths, while France reported over 35,157,040 COVID-19 cases with 154,880 deaths. In total, there were at least 620,376,900 cases of COVID-19 worldwide with more than 6,540,610 deaths.