Dow Jumps 300 Points; Alimera Sciences Shares Spike Higher

U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining more than 300 points on Monday.

The Dow traded up 0.80% to 39,463.48 while the NASDAQ fell 0.42% to 17,614.80. The S&P 500 also rose, gaining, 0.20% to 5,475.44.

Leading and Lagging Sectors

Energy shares jumped by 2.6% on Monday.

In trading on Monday, information technology shares fell by 1.1%.

Top Headline

The Federal Reserve Bank of Dallas’ general business activity index for manufacturing in Texas improved to -15.1 in June compared to -19.4 in May.

Equities Trading UP
                       

• Agrify Corporation AGFY shares shot up 107% to $0.5229.
• Shares of MicroAlgo Inc. MLGO got a boost, surging 97% to $7.63.
• Alimera Sciences, Inc. ALIM shares were also up, gaining 76% to $5.54 after the company announced that signed a definitive agreement to be acquired by ANI Pharmaceuticals.

Equities Trading DOWN

• eFFECTOR Therapeutics, Inc. EFTR shares dropped 74% to $0.3034 after the company announced that it has terminated its employees and will wind down its operations. Also, the company announced it plans to voluntarily request a delisting of its securities on the Nasdaq.
• Shares of American Rebel Holdings, Inc. AREB were down 33% to $0.5090. American Rebel, last week, signed a distribution agreement with Dichello Distributors.
• Allarity Therapeutics, Inc. ALLR was down, falling 28% to $0.3214 after the company announced that it received a noncompliance letter from the Nasdaq.

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Commodities

In commodity news, oil traded up 1.1% to $81.59 while gold traded up 0.5% at $2,343.10.

Silver traded down 0.2% to $29.545 on Monday, while copper fell 0.1% to $4.4360.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.7%, Germany's DAX rose 0.9% and France's CAC 40 climbed 1%. Spain's IBEX 35 Index jumped 1.3%, while London's FTSE 100 rose 0.5%.

Asia Pacific Markets

Asian markets closed mixed on Monday, with Japan's Nikkei gaining 0.54%, Hong Kong's Hang Seng Index declining 0.01%, China's Shanghai Composite Index falling 1.17% and India's S&P BSE Sensex gaining 0.17%.

Economics

The Federal Reserve Bank of Dallas’ general business activity index for manufacturing in Texas improved to -15.1 in June compared to -19.4 in May.

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