Crude Oil Down Over 1%; Science 37 Holdings Shares Spike Higher
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. (NASDAQ:SNCE) shares shot up 16% to $5.67 s the company agreed to be acquired by eMed.
Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) got a boost, surging 16% to $8.87 after the company reported better-than-expected quarterly revenue.
Cardlytics, Inc. (NASDAQ: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. (NASDAQ: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. (NASDAQ: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 (NYSE: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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