Dow Falls Over 200 Points; ISM Manufacturing PMI Rises In March

U.S. stocks traded mixed this morning, with the Dow Jones falling over 200 points on Monday.

The Dow traded down 0.57% to 39,580.90 while the NASDAQ rose 0.30% to 16,427.97. The S&P 500 also fell, dropping, 0.07% to 5,250.56.

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Communication services shares jumped by 1.4% on Monday.

In trading on Monday, real estate shares fell by 1.4%.


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The ISM manufacturing PMI rose to 50.3 in March versus 47.8 in February and topping market estimates of 48.4.


Equities Trading UP


MediaCo Holding Inc. MDIA shares shot up 52% to $0.7960 after dipping more than 17% on Thursday.

Shares of Meta Materials Inc. MMAT got a boost, surging 35% to $4.15. Meta Materials will host a corporate update webcast on Wednesday, April 3, 2024, at 4:30 PM EDT.

Doma Holdings Inc. DOMA shares were also up, gaining 34% to $6.09 after the company entered a merger transaction with TRG to go private at $6.29 per share in cash.


Equities Trading DOWN


Eiger BioPharmaceuticals, Inc. EIGR shares dropped 41% to $2.93.

Shares of AEON Biopharma, Inc. AEON were down 41% to $6.86 after the company reported a fourth-quarter loss of 71 cents per share.

Logistic Properties Of The Americas LPA was down, falling 37% to $10.01.

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In commodity news, oil traded up 0.2% to $83.35 while gold traded up 0.7% at $2,253.10.

Silver traded up 0.1% to $24.94 on Monday, while copper rose 1.2% to $4.0545.



The ISM Manufacturing PMI rose to 50.3 in March versus 47.8 in February and topping market estimates of 48.4.

U.S. construction spending fell by 0.3% from the prior month in February.

The S&P Global manufacturing PMI was revised lower to 51.9 in March compared to a preliminary reading of 52.5.

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