Mid-Afternoon Market Update: Nasdaq Turns Lower; Dow Dips 350 Points

US stocks traded lower on Monday with the Nasdaq turning negative toward the end of trading amid rising tensions on the border of Russia and Ukraine. The United States said Russia had amassed troops on the Ukrainian border to launch an invasion, Reuters reported. The Dow traded down 1.03% to 34,379.69 while the NASDAQ fell 0.43% to 13,731.91. The S&P also fell, dropping, 0.91% to 4,378.30. Check out this: Executives Buy Around $93M Of 3 Stocks Leading and Lagging Sectors Consumer discretionary shares climbed 1.8% on Monday. Meanwhile, top gainers in the sector included Horizon Global Corporation (NYSE:HZN), up 14% and Sono Group N.V. (NASDAQ:SEV) up 9%. In trading on Monday, energy shares tumbled by 2.7%. Top Headline TreeHouse Foods Inc (NYSE:THS) reported better-than-expected earnings for its fourth quarter. TreeHouse Foods Inc (NYSE:THS) reported a fourth-quarter FY21 sales decline of 1% year-on-year, to $1.17 billion, beating the analyst consensus of $1.12 billion. Adjusted EPS of $0.11 beat the analyst consensus of $0.09. Equities Trading UP BioDelivery Sciences International, Inc. (NASDAQ:BDSI) shares shot up 53% to $5.55. Collegium Pharmaceutical will acquire BioDelivery Sciences International at $5.60 per share in an all-cash transaction, corresponding to an equity value of approximately $604 million. Shares of Cornerstone Building Brands, Inc. (NYSE:CNR) got a boost, shooting 21% to $22.35 as private equity firm CD&R offered to acquire all outstanding shares it does not already own of Cornerstone Building Brands for $24.65 per share in cash. Knightscope, Inc. (NASDAQ:KSCP) shares were also up, gaining 40% to $8.83 after the company announced a partnership with Allied Universal to provide autonomous security robots. Also check out this: Discover Financial Services And 3 Other Stocks Sold By Insiders Equities Trading DOWN Sea Limited (NYSE:SE) shares tumbled 15% to $134.81. JP Morgan maintained Sea with an Overweight and lowered the price target from $420 to $250. Shares of Gravity Co., Ltd. (NASDAQ:GRVY) were down 27% to $45.00. Gravity reported prelim FY21 consolidated revenue of KRW414 billion. RumbleON, Inc. (NASDAQ:RMBL) was down, falling 36% to $24.74 as the company disclosed senior management changes. The company's President Peter Levy will succeed Mark Tkach as COO. Also check out this: Insiders Buying These 4 Penny Stocks Commodities In commodity news, oil traded up 1.1% to $94.08, while gold traded up 1.3% to $1,865.40. Silver traded up 1.8% Monday to $23.80 while copper rose 0.1% to $4.5095. Euro zone European shares closed lower today. The eurozone's STOXX 600 fell 1.83%, London's FTSE 100 fell 1.69%, while Spain's IBEX 35 Index fell 2.55%. The German DAX declined 2.02%, French CAC 40 fell 2.27% and Italy's FTSE MIB Index dipped 2.04%. Economics There were no major US economic releases Monday Also check out: 4 Penny Stocks Insiders Are Buying COVID-19 Update The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 79,325,570 cases with around 943,410 deaths. India confirmed a total of at least 42,665,530 cases and 509,040 deaths, while Brazil reported over 27,483,030 COVID-19 cases with 638,440 deaths. In total, there were at least 412,590,840 cases of COVID-19 worldwide with more than 5,836,070 deaths.