Crude Oil Falls Sharply; Apollomics Shares Plunge
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining over 100 points on Monday.
The Dow traded down 0.19% to 33,062.85 while the NASDAQ rose 0.80% to 13,088.09. The S&P 500 also rose, gaining, 0.28% to 4,236.12.
Leading and Lagging Sectors
Communication services shares rose by 1.3% on Monday.
In trading on Monday, energy shares dipped by 1.9%.
Top Headline
The Chicago Fed National Activity Index climbed to +0.02 in September versus a revised reading of -0.22 in the prior month.
Equities Trading UP
LumiraDx Limited (NASDAQ:LMDX) shares shot up 282% to $0.3321 after the company reported a strategic collaboration with AstraZeneca and Everton in the Community to set up England’s first community-based heart and lung screening hub.
Shares of INVO Bioscience, Inc. (NASDAQ:INVO) got a boost, shooting 295% to $2.1350 as the company agreed to acquire NAYA Biosciences in an all-stock transaction.
Akumin Inc. (NASDAQ:AKU) shares were also up, gaining 149% to $0.3629 after the company reached an agreement with Stonepeak to become a private company.
Equities Trading DOWN
Li-Cycle Holdings Corp. (NYSE:LICY) shares dropped 44% to $1.28 after the company announced plans to halt construction work on its Rochester Hub project, pending completion of a comprehensive review of the go-forward strategy for the project..
Shares of Revolution Medicines, Inc. (NASDAQ:RVMD) were down 39% to $17.20 after the company announced it presented clinical activity and safety data from its Phase 1/1b trial of RMC-6236.
Apollomics, Inc. (NASDAQ:APLM) was down, falling 43% to $1.00 after the company announced the presentation of vebreltinib efficacy and safety data from the KUNPENG clinical trial at ESMO 2023.
Also Check This Out: Top 4 Consumer Stocks That May Crash This Quarter
Commodities
In commodity news, oil traded down 2.6% to $85.79 while gold traded down 0.3% at $1,987.60.
Silver traded down 1.4% to $23.185 on Monday while copper rose 0.6% to $3.5840.
Euro zone
European shares closed mixed today. The eurozone’s STOXX 600 fell 0.13%, London’s FTSE 100 fell 0.37% while Spain’s IBEX 35 Index fell 0.37% The German DAX rose 0.02% French CAC 40 rose 0.50%, while Italy’s FTSE MIB Index gained 0.74%.
Asia Pacific Markets
Asian markets closed lower on Monday, with Japan’s Nikkei 225 falling 0.83% and China’s Shanghai Composite Index falling 1.47%. India’s S&P BSE Sensex, meanwhile, fell 0.8%.
Food prices in Singapore rose by 4.3% year-over-year in September following a 4.8% increase in August. Singapore's annual inflation rate rose to 4.1% in September from August's level of 4.0%.
Economics
The Chicago Fed National Activity Index climbed to +0.02 in September versus a revised reading of -0.22 in the prior month.
Now Read This: $15M Bet On Day One Biopharmaceuticals? Check Out These 3 Stocks Insiders Are Buying