Skip to main content

Market Overview

Mid-Morning Market Update: Markets Open Lower; FactSet Research Beats Q1 Estimates


Following the market opening Monday, the Dow traded down 1.31% to 29,782.55 while the NASDAQ fell 1.74% to 12,533.20. The S&P also fell, dropping 1.89% to 3,639.18.

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 17,847,630 cases with around 317,680 deaths. India confirmed a total of at least 10,055,560 confirmed cases and 145,810 deaths, while Brazil reported over 7,238,600 COVID-19 cases with 186,760 deaths. In total, there were at least 76,895,580 cases of COVID-19 worldwide with over 1,694,710 deaths, according to data compiled by Johns Hopkins University.

Leading and Lagging Sectors

Financial shares slipped by just by 0.2% on Monday. Meanwhile, top gainers in the sector included Silvergate Capital Corporation (NYSE: SI), up 12%, and Root, Inc. (NASDAQ: ROOT), up 11%.

In trading on Monday, energy shares dipped 2.4%.

Top Headline

FactSet Research Systems Inc. (NYSE: FDS) reported stronger-than-expected earnings for its first quarter.

FactSet Research posted quarterly earnings of $2.88 per share, beating analysts’ estimates of $2.75 per share. The company’s quarterly sales came in at $388.21 million, versus expectations of $387.36 million.


Equities Trading UP Limited (NYSE: WBAI) shares shot up 92% to $5.16 after the company announced a $23 million investment from Good Luck Information Technology. The company appointed Mr. Xianfeng Yang as CEO and Mr. Bo Yu as COO.

Shares of EyeGate Pharmaceuticals, Inc. (NASDAQ: EYEG) got a boost, shooting 77% to $6.33 after the company announced the acquisition of privately-held Panoptes Pharma, which is developing a small molecule for the treatment of severe eye diseases with a high unmet medical need.

Nuverra Environmental Solutions, Inc. (NYSE: NES) shares were also up, gaining 67% to $3.91 after the company’s board approved the adoption of a limited duration stockholder rights plan.

Equities Trading DOWN

MingZhu Logistics Holdings Limited (NASDAQ: YGMZ) shares tumbled 22% to $8.82 after dipping over 35% on Friday.

Shares of Wunong Net Technology Company Limited (NASDAQ: WNW) were down 18% to $63.82 after declining 36% on Friday. The company, last week, priced its IPO at $5 per share.

uniQure N.V.. (NASDAQ: QURE) was down, falling 17% to $38.06 after the gene therapy company announced a setback to its clinical study. uniQure said the FDA has placed its Hemophilia B gene therapy program, including the late-stage HOPE-B study, on clinical hold.


In commodity news, oil traded down 5.1% to $46.62, while gold traded down 0.5% to $1,879.00.

Silver traded up 0.1% Monday to $26.065 while copper fell 1.8% to $3.5675.

Euro zone

European shares were lower today following new virus strains in the U.K. and deadlock in Brexit trade talks. The eurozone’s STOXX 600 fell 2.9%, the Spanish Ibex Index fell 3.6%, while Italy’s FTSE MIB Index declined 3.1%. Meanwhile, the German DAX 30 declined 3.3%, French CAC 40 declined 3.1% and London’s FTSE 100 fell 2.6%.


The Chicago Fed National Activity Index declined to 0.27 in November versus a revised reading of 1.01 in October.

The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.

The Treasury will auction 20-year bonds at 1:00 p.m. ET.


Related Articles (FDS + EYEG)

View Comments and Join the Discussion!

Posted-In: Earnings News Penny Stocks Eurozone Commodities Small Cap Global Intraday Update

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at