U.S. stocks traded higher this morning, with the Dow Jones gaining more than 250 points on Monday.

Following the market opening Monday, the Dow traded up 0.90% to 28,983.55 while the NASDAQ rose 0.33% to 10,611.02. The S&P 500 also rose, gaining, 0.79% to 3,614.08.

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Leading and Lagging Sectors

Energy shares jumped by 4.9% on Monday.

In trading on Monday, consumer discretionary shares fell by 1.8%.

Top Headline

The final reading of S&P Global manufacturing PMI was revised higher to 52 for September from preliminary reading of 51.8 and up from 51.5 in August.

Equities Trading UP

Equities Trading DOWN

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Commodities

In commodity news, oil traded up 6% to $84.24, while gold traded up 0.2% at $ 1,675.90.

Silver traded up 5.3% to $20.055 on Monday while copper fell 1.1% to $3.3765.

Euro zone

European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.3%, London’s FTSE 100 fell 0.1% while Spain’s IBEX 35 Index rose 0.7%. The German DAX gained 0.3%, French CAC 40 slipped 0.1% and Italy’s FTSE MIB Index gained 1.1%.

The S&P Global Eurozone manufacturing PMI was revised lower to 48.4 in September compared to a preliminary reading of 48.5. The S&P Global/CIPS manufacturing PMI for UK was revised lower to 48.4 in September from a preliminary level of 48.5, while German manufacturing PMI fell to 47.8 in September from a preliminary reading of 48.3.

The S&P Global French manufacturing PMI fell to 47.7 in September versus 50.6 in the previous month, while Italian manufacturing PMI rose to 48.3 in September from the 48 a month ago. The S&P Global manufacturing PMI for Spain dropped to 49 in September from 49.9 in the prior month.

Economics

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COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 98,254,650 cases with around 1,084,890 deaths. India confirmed a total of at least 44,597,490 cases and 528,700 deaths, while France reported over 35,475,260 COVID-19 cases with 155,110 deaths. In total, there were at least 623,554,200 cases of COVID-19 worldwide with more than 6,550,950 deaths.