U.S. stocks traded mixed midway through trading, with Nasdaq Composite gaining around 70 points on Monday.

The Dow traded down 0.21% to 33,691.13 while the NASDAQ rose 0.54% to 13,312.65. The S&P 500, also rose, gaining, 0.26% to 4,293.51.

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Leading and Lagging Sectors

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The ISM Services PMI declined to 50.3 in May from 51.9 in April.

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Commodities

In commodity news, oil traded up 1.5% to $72.81 while gold traded up 0.4% at $1,976.50.

Silver traded down 0.2% to $23.69 on Monday while copper rose 1.5% to $3.7835.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 0.48%, London’s FTSE 100 fell 0.1% while Spain’s IBEX 35 Index fell 0.3% The German DAX dropped 0.54% French CAC 40 fell 0.96% and Italy’s FTSE MIB Index fell 0.78%.

Producer price inflation in the Eurozone fell to 1.0% year-over-year in April from 5.5% in the previous month. The HCOB Eurozone services PMI fell to 55.1 in May versus a preliminary level of 55.9

The S&P Global/CIPS UK services PMI was revised higher to 55.2 in May versus a preliminary reading of 55.1. France’s services PMI was revised lower to 52.5 in May versus a flash level of 52.8, while German services PMI slipped to 57.2 in May versus a preliminary reading of 57.8.

Asia Pacific Markets

Asian markets closed higher on Monday, with Japan’s Nikkei 225 gaining 2.20%, Hong Kong’s Hang Seng Index jumping 0.84% and China’s Shanghai Composite Index rising 0.07%. India’s S&P BSE Sensex rose 0.4%.

The S&P Global Indian services PMI slipped to 61.2 in May versus April’s reading of 62. The Caixin China general services PMI rose to 57.1 in May compared to 56.4 a month ago. The S&P Global Hong Kong SAR PMI dropped to 50.6 in May from April’s reading of 52.4. The au Jibun Bank Japan services PMI was revised lower to 55.9 in May from a preliminary level of 56.3.

Economics

• The S&P Global U.S. services PMI was revised lower to 54.9 in May versus a preliminary reading of 55.1.
• U.S. factory orders rose by 0.4% from the prior month in April.
• The ISM Services PMI declined to 50.3 in May from 51.9 in April.

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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 107,137,340 cases with around 1,165,730 deaths. India confirmed a total of at least 44,991,750 cases and 531,880 deaths, while France reported over 40,098,410 COVID-19 cases with 167,370 deaths. In total, there were at least 689,912,490 cases of COVID-19 worldwide with more than 6,887,330 deaths.