US Stocks Mixed; Cigna Shares Spike Higher
U.S. stocks traded mixed this morning, with the Dow Jones index gaining more than 20 points on Monday.
Following the market opening Monday, the Dow traded up 0.07% to 36,272.54 while the NASDAQ fell 0.26% to 14,366.24. The S&P 500 also fell, dropping, 0.02% to 4,603.60.
Leading and Lagging Sectors
Industrials shares rose by 0.7% on Monday.
In trading on Monday, communication services shares fell by 1.4%.
Top Headline
Shares of Cigna Group (NYSE:CI) traded higher on Monday after the company reportedly ended its attempt to negotiate an acquisition deal with rival Humana Inc (NYSE:HUM) after the pair disagreed on price terms.
Equities Trading UP
Pasithea Therapeutics Corp. (NASDAQ:KTTA) shares shot up 130% to $0.7012 after the company announced preclinical results from two in vivo studies evaluating the antitumor efficacy of PAS-004 in NRAS mutation cancer xenograft models.
Shares of Assure Holdings Corp. (NASDAQ:IONM) got a boost, shooting 82% to $0.6384.
NextPlay Technologies, Inc. (NASDAQ:NXTP) shares were also up, gaining 70% to $0.7136 on continued volatility after the company last week received notification for not meeting the deadline to file its financial reports for several periods in 2023.
Equities Trading DOWN
Cogent Biosciences, Inc. (NASDAQ:COGT) shares dropped 51% to $4.2600 after the company reported initial data from its ongoing Phase 2 SUMMIT trial and data from Part 1 of its ongoing Phase 2 APEX clinical at ASH 2023.
Shares of Altamira Therapeutics Ltd. (NASDAQ:CYTO) were down 44% to $0.2298 after the company issued investor and business update. The company's board has decided to effect a 20-for-1 reverse stock split on Dec. 13, 2023.
Near Intelligence, Inc. (NASDAQ:NIR) was down, falling 43% to $0.0864. Near Intelligence filed for Chapter 11 protection and entered into agreement to sell its business.
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Commodities
In commodity news, oil traded down 0.4% to $70.94 while gold traded down 0.6% at $2,002.40.
Silver traded down 0.7% to $23.115 on Monday while copper fell 1.4% to $3.7765.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 rose 0.2%, London’s FTSE 100 fell 0.2% while Spain’s IBEX 35 Index fell 0.4% The German DAX gained 0.1% French CAC 40 gained 0.3%, while Italy’s FTSE MIB Index rose 0.1%.
Asia Pacific Markets
Asian markets closed mostly higher on Monday, with Japan’s Nikkei 225 gaining 1.50%, Hong Kong’s Hang Seng Index falling 0.81% and China’s Shanghai Composite Index gaining 0.74%. India’s S&P BSE Sensex, meanwhile, rose 0.15%.
Japan’s machine tool orders fell 13.6% year-over-year to JPY 115,884 million in November versus a 20.6% plunge in October. The business survey index of large manufacturing firms in Japan accelerated to 5.7% in the fourth quarter from 5.4% in the prior quarter.
China's producer prices fell by 3.0% year-over-year in November versus a 2.6% decline in the previous month, while consumer prices fell by 0.5% year-over-year in November.
Economics
There were no major US economic releases Monday.
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