US Stocks Down; Chicago Fed National Activity Index Rises In February
U.S. stocks traded lower this morning, with the Dow Jones index falling more than 50 points on Monday.
Following the market opening Monday, the Dow traded down 0.16% to 39,412.36 while the NASDAQ fell 0.42% to 16,359.31. The S&P 500 also fell, dropping, 0.23% to 5,222.33.
Check This Out: Progress Software Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Leading and Lagging Sectors
Energy shares jumped by 1.3% on Monday.
In trading on Monday, information technology shares fell by 0.7%.
Top Headline
The Chicago Fed National Activity Index rose to a three-month high level of 0.05 in February versus a revised reading of -0.54 in the prior month.
Equities Trading UP
Landos Biopharma, Inc. (NASDAQ:LABP) shares shot up 170% to $21.56. AbbVie Inc. (NYSE:ABBV) and Landos Biopharma, reported a definitive agreement under which AbbVie will acquire Landos.
Shares of Next.e.GO N.V. (NASDAQ:EGOX) got a boost, surging 84% to $0.0724 after falling around 22% on Friday.
Altamira Therapeutics Ltd. (NASDAQ:CYTO) shares were also up, gaining 85% to $3.1899 after the company announced a collaboration with Univercells Group on nanoparticle-delivered mRNA vaccines.
Equities Trading DOWN
Sintx Technologies, Inc. (NASDAQ:SINT) shares dropped 51% to $0.0450 after the company announced pricing of a $1.3 million public offering of common stock.
Shares of Akanda Corp. (NASDAQ:AKAN) were down 36% to $0.1569 after the company announced pricing of underwritten public offering.
Australian Oilseeds Holdings Limited (NASDAQ:COOT) was down, falling 26% to $1.8350 after dipping over 22% on Friday.
Also Check This Out: Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 5% Dividend Yields
Commodities
In commodity news, oil traded up 0.3% to $80.83 while gold traded up 0.8% at $2,177.10.
Silver traded up 0.3% to $24.92 on Monday, while copper rose 0.1% to $4.0075.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.3%, London’s FTSE 100 fell 0.4% while Spain’s IBEX 35 Index fell 0.2% The German DAX rose 0.1% French CAC 40 fell 0.4% while Italy’s FTSE MIB Index rose 0.4%.
Spanish industrial producer prices declined by 8.2% year-over-year in February versus a revised 3.9% decline in the prior month.
Asia Pacific Markets
Asian markets closed lower on Monday, with Japan’s Nikkei 225 dipping 1.16%, Hong Kong’s Hang Seng Index falling 0.16% and China’s Shanghai Composite Index falling 0.71%.
The index of leading economic indicators in Japan was revised lower to 109.5 in January versus a preliminary reading of 109.9, while index of coincident economic indicators was revised higher to 112.1 in January versus the flash reading of 110.2. The annual inflation rate in Malaysia accelerated to 1.8% in February from 1.5% a month ago.
Economics
The Chicago Fed National Activity Index rose to a three-month high level of 0.05 in February versus a revised reading of -0.54 in the prior month.
Now Read This: Top 2 Real Estate Stocks That May Rocket Higher In March