U.S. stocks traded slightly higher toward the end of trading, with the Nasdaq Composite gaining around 75 points on Monday.
The Dow traded up 0.03% to 38,121.11 while the NASDAQ rose 0.48% to 15,529.84. The S&P 500 also rose, gaining, 0.19% to 4,900.27.
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Leading and Lagging Sectors
Consumer discretionary shares rose by 0.6% on Monday.
In trading on Monday, energy shares fell by 0.8%.
Top Headline
The Federal Reserve Bank of Dallas’s general business activity index for manufacturing in Texas fell 17 points to a reading of -27.4 in January.
Equities Trading UP
Science 37 Holdings, Inc. SNCE shares shot up 16% to $5.67 s the company agreed to be acquired by eMed.
Shares of SoFi Technologies, Inc. SOFI got a boost, surging 16% to $8.87 after the company reported better-than-expected quarterly revenue.
Cardlytics, Inc. CDLX shares were also up, gaining 28% to $7.37 after the company announced it entered into a settlement agreement with SRS and updated preliminary fourth-quarter 2023 results.
Equities Trading DOWN
Panbela Therapeutics, Inc. PBLA shares dropped 67% to $1.40 after the company announced pricing of a roughly $9 million public offering.
Shares of Bullfrog AI Holdings, Inc. BFRG were down 24% to $5.36. Bullfrog AI filed shelf offering of 786,938 shares and accompanying warrants at $6.63 per share and accompanying warrant.
Bloom Energy Corporation BE was down, falling 7% to $11.59 after B of A Securities downgraded the stock from Neutral to Underperform.
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Commodities
In commodity news, oil traded down 1.3% to $76.98 while gold traded up 0.6% at $2,028.80.
Silver traded up 2% to $23.32 on Monday while copper rose 0.9% to $3.8860.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 rose 0.21%, London’s FTSE 100 fell 0.03% while Spain’s IBEX 35 Index fell 0.47% The German DAX fell 0.12% French CAC 40 gained 0.09% while Italy’s FTSE MIB Index fell 0.48%.
The Credit Union Consumer Sentiment Index in Ireland climbed to 74.2 in January versus a reading of 62.4 in December.
Asia Pacific Markets
Asian markets closed mostly higher on Monday, with Japan’s Nikkei 225 gaining 0.77%, Hong Kong’s Hang Seng Index gaining 0.78% and China’s Shanghai Composite Index falling 0.92%. India’s S&P BSE Sensex, meanwhile, jumped 1.74%.
Profits earned by Chinese industrial firms declined 2.3% year-over-year to CNY 7,685.83 billion last year. The Domestic Supply Price Index in Singapore declined 1.1% year-over-year in December, while Malaysia’s producer prices fell 1.3% year-over-year in December.
Economics
The Federal Reserve Bank of Dallas’s general business activity index for manufacturing in Texas fell 17 points to a reading of -27.4 in January.
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