HomeMarket NewsMicro Cap StocksDow Jones Decreases by Over 100 Points as Chicago Fed National Activity...

Dow Jones Decreases by Over 100 Points as Chicago Fed National Activity Index Rises in September

Actionable Trade Ideas

always free

This morning, U.S. stocks experienced a downward trend, with the Dow Jones index falling over 100 points on Monday, reflecting a decrease of 0.41% to 32,991.58. The NASDAQ also fell by 0.33% to 12,940.56, and the S&P 500 dropped by 0.33% to 4,210.14.

Leading and Lagging Sectors

In terms of sector performance, health care shares fell by just 0.1%, while energy shares dipped by 1.2%.

Top Headline: Chicago Fed National Activity Index Climbs

The Chicago Fed National Activity Index showed a positive increase, rising to +0.02 in September compared to a revised reading of -0.22 in the previous month. This indicates improved economic activity and a potential rebound in the market.

Equities Trading UP

  • LumiraDx Limited (LMDX): Shares of LumiraDx Limited soared by 297% to $0.3451 following the company’s announcement of a strategic collaboration with AstraZeneca and Everton in the Community. This collaboration aims to establish England’s first community-based heart and lung screening hub.
  • INVO Bioscience, Inc. (INVO): INVO Bioscience, Inc. experienced a boost, with shares surging 209% to $1.67, as the company agreed to acquire NAYA Biosciences in an all-stock transaction.
  • Akumin Inc. (AKU): Akumin Inc. also saw an increase in its shares, gaining 90% to $0.2752, after the company reached an agreement with Stonepeak to become a private company.

Equities Trading DOWN

  • Li-Cycle Holdings Corp. (LICY): Li-Cycle Holdings Corp. experienced a 41% decrease in its shares, dropping to $1.3499. This drop followed the company’s announcement to halt construction work on its Rochester Hub project, pending a comprehensive review of the project’s go-forward strategy.
  • Revolution Medicines, Inc. (RVMD): Shares of Revolution Medicines, Inc. declined by 38% to $17.31 after the company presented clinical activity and safety data from its Phase 1/1b trial of RMC-6236.
  • XORTX Therapeutics Inc. (XRTX): XORTX Therapeutics Inc. fell by 36% to $0.4081 following a significant increase of more than 100% on Friday.


In commodity news, oil traded down 0.8% at $87.39 per barrel, while gold traded down 0.2% at $1,990.30 per ounce. Silver also faced a decrease of 0.9% to $23.29 per ounce, while copper rose by 0.3% to $3.5740 per pound.

Euro Zone

In European markets, the eurozone’s STOXX 600 fell by 0.5%, London’s FTSE 100 decreased by 0.4%, and Spain’s IBEX 35 Index fell by 0.8%. However, the German DAX declined by 0.6%, and the French CAC 40 rose by 0.1%. Italy’s FTSE MIB Index also experienced a decline of 0.1%.

Asia Pacific Markets

Asian markets closed lower on Monday, with Japan’s Nikkei 225 decreasing by 0.83%, China’s Shanghai Composite Index falling by 1.47%, and India’s S&P BSE Sensex falling by 0.8%. In Singapore, food prices rose by 4.3% year-over-year in September, reflecting an increase from the previous month.


The Chicago Fed National Activity Index climbed to +0.02 in September, showing a positive change from a revised reading of -0.22 in the previous month. Overall, various economic indicators suggest potential opportunities and challenges in the financial markets.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.