The Dow Jones index galloped ahead, gaining over 200 points at the closing bell on Monday.
As the Dow charged up 0.60% to 35,157.62, the NASDAQ sprinted 1.09% to 14,279.03. The S&P 500 also joined the race, sprinting 0.75% to 4,548.10.
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Sector Performance
Information technology shares leaped 1.1% on Monday while utilities shares stumbled by 0.3%.
Key Headline
The index of leading economic indicators tumbled 0.8% in October.
Positive Trading Action
GD Culture Group Limited GDC surged 24% to $4.20 after unveiling its AI-driven digital human technology on TikTok.
Shares of Cardio Diagnostics Holdings, Inc. CDIO soared 71% to $1.6950 following the publication of a study in the Journal of the American Heart Association.
Cuentas Inc. CUEN also jumped 41% to $1.3350 after reporting a narrower quarterly loss.
Negative Trading Action
NanoString Technologies, Inc. NSTG plummeted 49% to $0.6497 after a downgrade from TD Cowen.
Shares of PaxMedica, Inc. PXMD dropped 38% to $1.08 following the pricing of a $7 million public offering of 5,384,615 shares.
Greenland Technologies Holding Corporation GTEC took a nose dive, falling 16% to $2.77 following weak quarterly results.
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Commodities in Action
Oil surged 1.8% to $77.29 while gold stumbled down 0.4% at $1,976.40.
Silver slid down 1.2% to $23.56 on Monday while copper bounced up 1.9% to $3.8110.
Euro zone Watch
European shares hopped and skipped, with the eurozone’s STOXX 600 gaining 0.10%, London’s FTSE 100 stumbling 0.11% and Spain’s IBEX 35 Index sprinting 0.79%. The German DAX stumbled 0.11%, French CAC 40 sprinted 0.18%, while Italy’s FTSE MIB Index rose 0.15%.
Construction output in the Eurozone stumbled by 0.3% year-over-year in September. Producer prices in Germany fell by 11.0% year-over-year in October following a 14.7% decline in September.
Asia Pacific Markets Update
Asian markets put on a mixed performance on Monday, with Japan’s Nikkei 225 falling 0.59%, Hong Kong’s Hang Seng Index surging 1.86% and China’s Shanghai Composite Index gaining 0.46%. India’s S&P BSE Sensex, meanwhile, stumbled 0.21%.
The People’s Bank of China kept lending rates unchanged at the November fixing. Malaysia’s trade surplus shrank to MYR 12.9 billion in October from MYR 18.6 billion in the year-ago month.
Economic Indicators
The index of leading economic indicators stumbled 0.8% in October.
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