U.S. stocks are showing some life, with the Dow Jones index gaining around 150 points on Monday.
The Dow traded up 0.41% to 38,018.23, while the NASDAQ rose 0.30% to 15,356.67. The S&P 500 also rose, gaining 0.25% to 4,851.78.
Check This Out: Top 5 Health Care Stocks That May Crash This Month
Market Sectors
Real estate shares rose by 0.7% on Monday.
In contrast, consumer discretionary shares fell by 0.5%.
US Leading Economic Index
The US leading economic index fell 0.1% for December, missing the mark set by analysts at 0.5% decline.
Stocks on the Rise
Sagimet Biosciences Inc. SGMT shares shot up 94% to $13.24 after the company delivered impressive results in the Phase 2b FASCINATE-2 clinical trial.
Shares of Rail Vision Ltd. RVSN surged 69% to $2.3201, following formal certifications for critical European Union railway standards.
Digital World Acquisition Corp. DWAC shares rose 26% to $33.18 after Ron DeSantis ended his presidential campaign, impacting Digital World Acquisition Corp as the business combination partner of Trump Media & Technology Group.
Stocks on the Decline
Virios Therapeutics, Inc. VIRI shares dropped 40% to $0.49 after announcing plans to advance development of IMC-2 as treatment for long-COVID symptoms.
Archer-Daniels-Midland Company ADM fell 20% to $54.90 amid an investigation studying accounting practices and procedures related to the company’s nutrition segment. ADM adjusted its earnings per share to $6.90 for the fiscal year ended Dec. 2023.
Gilead Sciences, Inc. GILD was down 10% to $78.98 after its phase 3 study in metastatic non-small cell lung cancer did not meet primary endpoints.
Also Check This Out: 3 Minutes To Boost Your Earnings: 3 Stocks With Over 5% Dividend Yields In Utilities Sector From Wall Street’s Most Accurate Analysts
Commodity Market
In commodity news, oil surged 2.3% to $75.10, while gold declined 0.1% to $2,026.60.
Silver also traded down 1.7% to $22.325, and copper fell 0.8% to $3.7570.
European and Asian Markets
European shares were mostly higher today. The eurozone’s STOXX 600 rose 0.82%, London’s FTSE 100 rose 0.48% while Spain’s IBEX 35 Index rose 1.15%. The German DAX rose 0.70%, French CAC 40 rose 0.69%, but Italy’s FTSE MIB Index fell 0.27%.
In the Asia Pacific markets, Japan’s Nikkei 225 gained 1.62%, Hong Kong’s Hang Seng Index fell 2.27%, and China’s Shanghai Composite Index declined 2.68%. India’s S&P BSE Sensex fell 0.36%. The annual inflation rate in Hong Kong eased to 2.4% in December from 2.6% in the prior month. The People’s Bank of China kept its lending rates unchanged at the January fixing.
Economics
The US leading index fell 0.1% for December, versus analysts’ expectations for a 0.5% decline.
Now Read This: How To Earn $500 A Month From AT&T Stock Ahead Of Q4 Print
