Following the market opening Monday, the Dow traded down 0.43% to 30,962.91 while the NASDAQ fell 0.83% to 13,091.90. The S&P also fell, dropping 0.55% to 3,803.74.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 22,410,060 cases with around 374,340 deaths. India confirmed a total of at least 10,466,590 confirmed cases and 151,160 deaths, while Brazil reported over 8,105,790 COVID-19 cases with 203,100 deaths. In total, there were at least 90,353,570 cases of COVID-19 worldwide with over 1,936,410 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Health care shares gained by 0.1% on Monday. Meanwhile, top gainers in the sector included Zomedica Corp. ZOM, up 89%, and TransEnterix, Inc. TRXC, up 85%.
In trading on Monday, real estate shares fell 1.6%.
Top Headline
AZZ Inc AZZ reported upbeat earnings for its third quarter, while sales missed views.
AZZ reported quarterly earnings of $0.80 per share, beating analysts’ expectations of $0.66 per share. The company posted sales of $226.62 million, missing estimates of $234.44 million. The company also announced a $100 million buyback program.
Equities Trading UP
GeoVax Labs, Inc. GOVX shares shot up 78% to $5.86 after the company was awarded NIH grant to advance COVID-19 vaccine development.
Shares of Mesoblast Limited MESO got a boost, shooting 35% to $11.66 after the company said its rexlemestrocel-L reduced heart attacks, strokes and cardiac deaths.
LM Funding America, Inc. LMFA shares were also up, gaining 26% to $2.69. LM Funding shares jumped 177% on Friday after the company announced filing of SPAC registration statement.
Check out these big movers of the day
Equities Trading DOWN
Applied DNA Sciences, Inc. APDN shares tumbled 26% to $8.64 after the company priced its 1.81 million shares common stock offering at $8.30 per share. However, HC Wainwright & Co. maintained Applied DNA Sciences with a Buy and raised the price target from $12 to $18.
Shares of ZW Data Action Technologies Inc. CNET were down 20% to $2.48 after jumping 65%on Friday. ZW Data Action Technologies, last week, announced a strategic partnership with Yujun Capital.
Diginex Limited EQOS was down, falling 18% to $16.87 after surging 29% on Friday.
Commodities
In commodity news, oil traded down 0.8% to $51.84, while gold traded up 0.8% to $1,849.20.
Silver traded up 2% Monday to $25.12 while copper fell 1.6% to $3.6160.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 fell 0.3%, the Spanish Ibex Index fell 0.2% and the German DAX 30 declined 0.6%. Meanwhile, the French CAC 40 fell 0.6%, London’s FTSE 100 dropped 0.5% and Italy’s FTSE MIB declined 0.6%. Spain's industrial production dropped 3.8% year-over-year in November.
Economics
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
Federal Reserve Bank of Atlanta President Raphael Bostic is set to speak at 12:00 p.m. ET.
The Treasury will auction 3-year notes at 1:00 p.m. ET.
Federal Reserve Bank of Dallas President Robert Kaplan will speak at 6:00 p.m. ET.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.