The Latest Breaking News from Nasdaq

Companies Reporting Before The Bell • BP (NYSE:BP) is estimated to report quarterly earnings at $2.07 per share on revenue of $64.76 billion.

Gainers Sonnet BioTherapeutics Holdings, Inc. (NASDAQ: SONN) climbed 66.4% to close at $1.93 on Monday after the company announced an agreement with Janssen for the evaluation of three Sonnet product candidates.

Nikola Corporation (NASDAQ: NKLA) was surging about 15% higher on Monday. The sharp rise caused the stock to break up from a sideways pattern under which Nikola had been trading since Oct. 10.

U.S. stocks traded lower toward the end of trading, with the S&P 500 dropping around 0.5% on Monday.

Gainers 1847 Holdings LLC (NASDAQ: EFSH) shares surged 72.7% to $3.25 after the company reported it sees over $60 million in revenue and over $7 million in cash flow from operations in 2023 from its existing portfolio.

U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping more than 100 points on Monday.

Roger Ferguson, former vice chairman of the Federal Reserve and a director on the board of Alphabet (NASDAQ: GOOGL) since June 2016, joined CNBC’s ‘Squawk Box’ earlier Monday to discuss the Fed’s

Potential short squeeze plays gained steam in 2021 and has continued through 2022 with new traders looking for the next huge move.

The Dow Jones closed higher by more than 800 points on Friday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their…