U.S. stocks traded mixed this morning, with the Dow Jones gaining more than 100 points on Monday.
Following the market opening Monday, the Dow traded up 0.40% to 29,412.57 while the NASDAQ fell 0.40% to 10,609.77. The S&P 500 also rose, gaining, 0.03% to 3,640.58.
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Leading and Lagging Sectors
Industrials shares jumped by 1.2% on Monday. Leading the sector was strength from NeoVolta Inc. (NASDAQ:NEOV) and CECO Environmental Corp. (NASDAQ:CECE).
In trading on Monday, information technology shares fell by 1%.
Top Headline
The FDA has approved scPharmaceuticals Inc's (NASDAQ:SCPH) Furoscix (furosemide injection), a proprietary formulation of furosemide delivered via an On-Body Infusor for congestion due to fluid overload in heart failure patients.
Equities Trading UP
- SOBR Safe, Inc. (NASDAQ:SOBR) shares shot up 43% to $3.5705 after the company announced a relationship with a distributor with ties to air, rail and shipping industries.
- Shares of Immunic, Inc. (NASDAQ:IMUX) got a boost, shooting 36% to $5.39 after the company announced $60 million oversubscribed private placement equity financing.
- M-tron Industries, Inc. (NYSE:MPTI) shares were also up, gaining 10% to $16.72 after surging 10% on Friday. M-tron Industries completed its earlier announced separation from The LGL Group, Inc.
Equities Trading DOWN
- ACM Research, Inc. (NASDAQ:ACMR) shares tumbled 22% to $9.54 amid new US regulation tightening semiconductor exports to China.
- Shares of Innovative Eyewear, Inc. (NASDAQ:LUCY) were down 21% to $2.09 after jumping 61% on Friday. The company recently released its October investor presentation.
- Five9, Inc. (NASDAQ:FIVN) was down, falling 17% to $64.20 after the company's CEO resigned and accepted a position at a pre-IPO company.
Commodities
In commodity news, oil traded up 0.6% to $93.22, while gold traded down 1.7% at $1,681.10.
Silver traded down 2.6% to $19.735 on Monday while copper rose 1.8% to $3.4475.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 rose 0.1%, London’s FTSE 100 rose 0.1% while Spain’s IBEX 35 Index fell 0.3%. The German DAX gained 0.6%, French CAC 40 fell 0.1% and Italy’s FTSE MIB Index rose 0.1%.
Economics
There were no major US economic releases Monday
COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 98,555,070 cases with around 1,087,880 deaths. India confirmed a total of at least 44,614,430 cases and 528,810 deaths, while France reported over 35,866,250 COVID-19 cases with 155,420 deaths. In total, there were at least 626,737,670 cases of COVID-19 worldwide with more than 6,561,270 deaths.
