Midway through trading Monday, the Dow traded down 0.19% to 34,996.16 while the NASDAQ fell 0.07% to 14,827.27. The S&P also fell, dropping 0.08% to 4,408.04.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 34,433,820 cases with around 610,890 deaths. India confirmed a total of at least 31,411,260 cases and 420,960 deaths, while Brazil reported over 19,688,660 COVID-19 cases with 549,920 deaths. In total, there were at least 192,241,000 cases of COVID-19 worldwide with more than 4,159,320 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Energy shares climbed 1.8% on Monday. Meanwhile, top gainers in the sector included CONSOL Energy Inc. (NYSE:CEIX), up 6%, and Green Plains Partners LP (NASDAQ:GPP), up 13%.
In trading on Monday, health care shares fell 0.7%.
Top Headline
Lockheed Martin Corporation (NYSE:LMT) reported downbeat earnings for its second quarter, while sales exceeded views.
Lockheed reported quarterly adjusted earnings of $6.52 per share, missing analysts’ estimates of $6.53 per share. The company’s revenue came in at $17.03 billion, versus expectations of $16.93 billion.
Lockheed raised its full-year earnings forecast to $26.70-$27.00 from $26.40-$26.70. However, the company reaffirmed its revenue view at $67.3 billion-$68.7 billion.
Equities Trading UP
Xenetic Biosciences, Inc. (NASDAQ:XBIO) shares shot up 42% to $3.57 after the company announced a $12.5 million private placement priced at a premium to the market.
Shares of Bit Digital, Inc. (NASDAQ:BTBT) got a boost, shooting 29% to $5.48 after the company announced it entered into a second strategic co-mining agreement with Digihost Technology Inc. The stock is also trading higher in sympathy with the price of Bitcoin.
Tyme Technologies, Inc. (NASDAQ:TYME) shares were also up, gaining 51% to $1.63 after the company announced the USPTO has granted additional patent claims related to the company's metabolomic technology platform. The patent involves a targeted delivery of therapeutics to cancer cells.
Check out these big movers of the day
Equities Trading DOWN
ATI Physical Therapy, Inc. (NYSE:ATIP) shares tumbled 40% to $4.9975 after the company lowered 2021 financial expectations, driven by lower-than-expected physical therapist headcount.
Shares of Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) were down 31% to $0.6742. Following an unblinded, pre-planned interim analysis by the Independent Data Monitoring Committee (IDMC), Tonix Pharmaceuticals will stop enrollment in the Phase 3 RALLY study of TNX-102 SL (cyclobenzaprine HCl sublingual tablets) 5.6 mg for fibromyalgia.
Commodities
In commodity news, oil traded down 1% to $71.34, while gold traded down 0.1% to $1,800.00.
Silver traded up 0.2% Monday to $25.275 while copper rose 4.1% to $4.5810.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 fell 0.2%, the Spanish Ibex Index rose 0.44% and the German DAX 30 dropped 0.42%. Meanwhile, the London’s FTSE 100 fell 0.14%, French CAC 40 rose 0.02% and Italy’s FTSE MIB gained 0.4%.
Producer prices in Spain rose 15.4% year-over-year in June. The Ifo Business Climate indicator for Germany fell to 100.8 in July from 101.7 a month ago.
Economics
US new home sales for June fell 6.6% to an annual rate of 676,000 in June.
The Dallas Fed manufacturing index fell 27.3 in July from 31.1 in June.
The Treasury will auction 2-year notes at 1:00 p.m. ET.
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