U.S. stocks traded lower this morning, with the Nasdaq Composite falling around 100 points on Monday.

Following the market opening Monday, the Dow traded down 0.08% to 34,254.53 while the NASDAQ fell 0.72% to 13,698. The S&P 500 also fell, dropping, 0.43% to 4,396.18.

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Leading and Lagging Sectors

Consumer staples shares surged by 0.2% on Monday.

In trading on Monday, real estate shares fell by 1.2%.

Top Headline

Tyson Foods, Inc. (NYSE:TSN) posted better-than-expected earnings for its fourth quarter.

Tyson Foods posted quarterly earnings of 37 cents per share, beating market estimates of 29 cents per share. The company’s quarterly sales came in $13.35 billion, versus expectations of $13.73 billion.

Tyson said it sees total company adjusted operating income of $1 billion to $1.5 billion in FY24.

Equities Trading UP

Tenax Therapeutics, Inc (NASDAQ:TENX) shares shot up 149% to $0.3887 after the company announced FDA clearance of IND for TNX-103 for the treatment of pulmonary hypertension with heart failure with preserved ejection fraction.

Shares of Tivic Health Systems, Inc. (NASDAQ:TIVC) got a boost, shooting 97% to $2.3580. BestGrowthStocks.Com issued comprehensive analysis of Tivic Health Systems.

ZyVersa Therapeutics, Inc. (NASDAQ:ZVSA) shares were also up, gaining 29% to $0.0853.

Equities Trading DOWN

Aclaris Therapeutics, Inc. (NASDAQ:ACRS) shares dropped 87% to $0.6186 after the company announced topline results from 12-week Phase 2b trial of oral zunsemetinib for moderate to severe rheumatoid arthritis.

Shares of Mainz Biomed N.V. (NASDAQ:MYNZ) were down 43% to $1.2750 after the company reported pricing of $5 million registered direct offering of 4,166,667 shares at $1.20 per share.

Verve Therapeutics, Inc. (NASDAQ:VERV) was down, falling 44% to $8.76 after the company announced first human proof-of-concept data for in vivo base editing from the ongoing heart-1 phase 1b clinical trial of VERVE-101.

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Commodities

In commodity news, oil traded down 0.1% to $77.15 while gold traded up 0.2% at $1,941.40.

Silver traded down 0.7% to $22.130 on Monday while copper rose 1.3% to $3.6320.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 0.6%, London’s FTSE 100 rose 0.5% while Spain’s IBEX 35 Index rose 0.6% The German DAX rose 0.3% French CAC 40 rose 0.4%, while Italy’s FTSE MIB Index climbed 1.1%.

German current account increased to EUR 28.1 billion in September from EUR 12.5 billion in the year-ago month.

Asia Pacific Markets

Asian markets closed mostly higher on Monday, with Japan’s Nikkei 225 rising 0.05%, Hong Kong’s Hang Seng Index gaining 1.30% and China’s Shanghai Composite Index gaining 0.25%. India’s S&P BSE Sensex, meanwhile, fell around 0.5%.

Producer prices in Japan increased by 0.8% year-over-year in October versus a revised 2.2% rise in the earlier month. Japan’s machine tool orders dipped 20.6% year-over-year to JPY 112,027 million in October compared to an 11.2% decline in the prior month. Total passenger vehicle sales in India jumped by 17.3% year-over-year to 341,377 in October compared to a 3.1% increase in the prior month.

Economics

The U.S. Treasury statement for October will be released at 2:00 p.m. ET.

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