Midway through trading Monday, the Dow traded up 0.18% to 36,402.21 while the NASDAQ rose 0.75% to 15,762.21. The S&P also rose, gaining 0.23% to 4,776.99.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 56,142,170 cases with around 847,400 deaths. India confirmed a total of at least 34,922,880 cases and 481,890 deaths, while Brazil reported over 22,293,220 COVID-19 cases with 619,170 deaths. In total, there were at least 290,705,240 cases of COVID-19 worldwide with more than 5,461,870 deaths.
Leading and Lagging Sectors
Energy shares climbed 2.4% on Monday. Meanwhile, top gainers in the sector included Amplify Energy Corp. AMPY, up 10% and American Resources Corporation AREC up 8%.
In trading on Monday, real estate shares fell 1.8%.
Tesla, Inc. TSLA reported record quarterly and annual deliveries that exceeded the most optimistic Wall Street forecasts.
Tesla's fourth-quarter deliveries came in at 308,600 units, the company said in a statement on Sunday. This represented a roughly 28% quarter-over-quarter increase from the 241,300 cars delivered in the third quarter. On a year-over-year basis, the change was about 71%.
Equities Trading UP
Immix Biopharma, Inc. IMMX shares shot up 117% to $7.74. The FDA granted Rare Pediatric Disease (RPD) designation to newly listed Immix Biopharma's IMX-110 for rhabdomyosarcoma, a form of pediatric cancer.
Shares of Creative Medical Technology Holdings, Inc. CELZ got a boost, shooting 57% to $3.47. The stock may be seeing increased interested from retail investors.
Pear Therapeutics, Inc. PEAR shares were also up, gaining 26% to $7.80. BTIG initiated coverage on Pear Therapeutics with a Buy rating and announced a price target of $12.
Equities Trading DOWN
Applied Therapeutics, Inc. APLT shares tumbled 28% to $6.40. Following discussions with the FDA, Applied Therapeutics decided to hold on submitting a marketing application for AT-007 for Galactosemia pending additional talks with the agency.
Shares of uCloudlink Group Inc. UCL were down 33% to $4.39 after climbing 32% on Friday.
CNH Industrial N.V. CNHI was down, falling 14% to $16.72. CNH Industrial NV and Iveco Group executed the deed of demerger whereby, effective January 1, 2022, the relevant Iveco Group business segments separated from CNH Industrial.
Himax Technologies, Inc. HIMX fell 12% to $14.07.
In commodity news, oil traded up 0.5% to $75.58, while gold traded down 1.2% to $1,806.20.
Silver traded down 1.5% Monday to $22.995 while copper fell 1.9% to $4.3775.
European shares were higher today. The eurozone’s STOXX 600 rose 0.49%, while Spain’s IBEX 35 Index gained 0.68%. The German DAX gained 1%, French CAC 40 surged 1.08% and Italy’s FTSE MIB Index jumped 1.42%.
The IHS Markit Eurozone manufacturing PMI was confirmed at 58 for December, recording weakest level since February. French manufacturing PMI rose to 55.6 in December from a preliminary reading of 54.9, while German manufacturing PMI fell to 57.4 in December from a preliminary level of 57.9. The IHS Markit Spain manufacturing PMI declined to 56.2 in December versus 57.1 a month ago.
The IHS Markit manufacturing PMI was revised lower to 57.7 in December from a preliminary reading of 57.8.
US construction spending rose 0.4% for November.
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