U.S. stocks danced higher this morning, with the Nasdaq Composite leading the rhythm, gaining around 50 points on Monday.
As the market opened on Monday, the Dow pirouetted up by 0.04%, settling at 39,148.74, while the NASDAQ cha-chaed up by 0.36% to 16,054.82. The S&P 500 also twirled upwards, gaining 0.16% to 5,096.91.
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Sectors in Motion
Consumer discretionary shares waltzed up by 0.2% on Monday.
In this market ballet, utilities shares gracefully glided down by 0.1%.
Domino’s Dazzles
Domino’s Pizza Inc DPZ reported a delightful fourth-quarter performance.
The pizza maestro reported fourth-quarter EPS of $4.48, surpassing the expected $4.38. Total sales hit
a satisfying $1.40 billion, just above the prior $1.39 billion, modestly missing the consensual $1.42 billion.
Eager to please its stakeholders, Domino’s raised its quarterly dividend by 25% to $1.51 and announced an
additional stock buyback program of up to $1 billion.
Market Movers
In the spotlight, Akili, Inc. AKLI shares soared 148% to $0.5445 after reporting positive results from Shionogi’s Phase 3 clinical trial of a localized version of Akili’s EndeavorRx® for Pediatric ADHD patients in Japan.
Meanwhile, ZyVersa Therapeutics, Inc. ZVSA surged 133% to $1.87 after climbing over 30% on Friday.
MicroCloud Hologram Inc. HOLO shares also glowed, advancing 75% to $11.55 after dropping 40% on Friday.
Market Shakers
Aclarion, Inc. ACON shares tumbled by 66% to $0.3041 after the company launched its public offering of 5.175 million units, consisting of one share of common stock (or a pre-funded warrant) and two common warrants per unit.
On another stage, shares of Intuitive Machines, Inc. LUNR slid 25% to $7.18 after the company reported a lunar lander mishap upon lunar touchdown.
Brera Holdings PLC BREA felt the gloom, dropping 21% to $0.8679.
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Commodity Trends
In the world of commodities, oil pirouetted down 0.3% to $76.28, while gold danced lower by 0.6% to $2,036.20.
Silver spun down 2% to $22.525 on Monday, and copper dipped 1.4% to $3.8475.
Euro Zone Roundup
Across the pond, European shares embraced a mixed dance routine. The eurozone’s STOXX 600 tripped down
0.2%, London’s FTSE 100 dipped 0.1%, while Spain’s IBEX 35 Index pirouetted up 0.1%. The German DAX took a leap up by 0.1%, French CAC 40 stumbled down
0.4%, and Italy’s FTSE MIB Index dropped by 0.3%.
In Spain, producer prices waltzed down by 3.8% year-over-year in January, following a 6.3% dip in the prior month.
Asia Pacific Markets Snapshot
In the Far East, Asian markets performed a varied routine. Japan’s Nikkei 225 showcased a move up by
0.35%, Hong Kong’s Hang Seng Index danced down by 0.54%, China’s Shanghai Composite Index took a graceful dip of 0.93%, and India’s S&P BSE Sensex grooved
down by 0.4%.
Closer to home, Singapore’s manufacturing production showed a promising sway, gaining 1.1% year-over-year in January after a revised 2.4% decline in December.
Economic Movement
Shifting to economic news, building permits in the U.S. pirouetted down by 0.3% to an annual rate of 1.489 million in January.
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