Midway through trading Monday, the Dow traded down 0.23% to 31,027.86 while the NASDAQ fell 0.77% to 13,100.74. The S&P also fell, dropping 0.36% to 3,810.94.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 22,410,060 cases with around 374,340 deaths. India confirmed a total of at least 10,466,590 confirmed cases and 151,160 deaths, while Brazil reported over 8,105,790 COVID-19 cases with 203,100 deaths. In total, there were at least 90,353,570 cases of COVID-19 worldwide with over 1,936,410 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Energy shares gained by 1% on Monday. Meanwhile, top gainers in the sector included Gran Tierra Energy Inc. GTE, up 15%, and Gevo, Inc. GEVO, up 9%.
In trading on Monday, communication services shares fell 1.4%.
Top Headline
AZZ Inc AZZ reported upbeat earnings for its third quarter, while sales missed views.
AZZ reported quarterly earnings of $0.80 per share, beating analysts’ expectations of $0.66 per share. The company posted sales of $226.62 million, missing estimates of $234.44 million. The company also announced a $100 million buyback program.
Equities Trading UP
GeoVax Labs, Inc. GOVX shares shot up 83% to $6.03 after the company announced it was awarded an NIH grant to advance its COVID-19 vaccine development.
Shares of Mesoblast Limited MESO got a boost, shooting 39% to $12.04 after the company said its rexlemestrocel-L reduced heart attacks, strokes and cardiac deaths.
Impinj, Inc. PI shares were also up, gaining 30% to $55.67 after the company issued strong preliminary sales guidance for the fourth quarter.
Check out these big movers of the day
Equities Trading DOWN
Applied DNA Sciences, Inc. APDN shares tumbled 21% to $9.16 after the company priced its 1.81 million shares common stock offering at $8.30 per share. However, HC Wainwright & Co. maintained Applied DNA Sciences with a Buy and raised the price target from $12 to $18.
Shares of Medigus Ltd. MDGS were down 15% to $2.215 as the company priced $8.4 million offering of ADSs at $2.3 per ADS.
Bit Digital, Inc. BTBT was down, falling 24% to $19.07 following a sharp decline in Bitcoin prices.
Commodities
In commodity news, oil traded down 0.4% to $52.05, while gold traded up 0.8% to $1,849.90.
Silver traded up 2.4% Monday to $25.23 while copper fell 3% to $3.5625.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 fell 0.68%, the Spanish Ibex Index fell 0.66% and the German DAX 30 declined 0.76%. Meanwhile, the French CAC 40 fell 0.87%, London’s FTSE 100 dropped 0.99% and Italy’s FTSE MIB declined 0.47%. Spain's industrial production dropped 3.8% year-over-year in November.
Economics
The Treasury will auction 3-year notes at 1:00 p.m. ET.
Federal Reserve Bank of Dallas President Robert Kaplan will speak at 6:00 p.m. ET.
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