U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 200 points on Monday.
The Dow traded down 0.48% to 41,849.82 while the NASDAQ fell 0.10% to 18,220.82. The S&P 500 also fell, dropping, 0.17% to 5,719.28.
Leading and Lagging Sectors
Energy shares rose by 1.5% on Friday.
In trading on Friday, utilities shares fell by 1.3%.
Top Headline
Constellation Energy Corporation (NASDAQ:CEG) shares dipped over 10% on Monday after the company reported third-quarter results and revised its FY24 adjusted EPS guidance, which is below estimates.
Equities Trading UP
- Nuwellis, Inc. (NASDAQ:NUWE) shares shot up 87% to $2.54 after the company announced preliminary third-quarter financial results.
- Shares of Neurogene Inc. (NASDAQ:NGNE) got a boost, surging 42% to $65.63 after the company entered a securities purchase agreement for a PIPE investment, expected to bring in gross proceeds of $200 million.
- Advent Technologies Holdings, Inc. (NASDAQ:ADN) shares were also up, gaining 57% to $2.9882 after the company announced its RHyno project secured a €34.5 million grant from the EU Innovation Fund to advance fuel cell and hydrogen technology.
Equities Trading DOWN
- 1847 Holdings LLC (NYSE:EFSH) shares dropped 39% to $0.2830. The company on Friday announced a 1-for-15 reverse stock split of its common shares, effective November 11.
- Shares of The E.W. Scripps Company (NASDAQ:SSP) were down 36% to $2.2499 following downbeat quarterly earnings.
- Centrus Energy Corp. (NYSE:LEU) was down, falling 26% to $80.63 after the company announced an offering of $350 million in convertible senior notes due 2030.
Commodities
In commodity news, oil traded up 3% to $71.57 while gold traded down 0.1% at $2,746.70.
Silver traded down 0.3% to $32.590 on Monday, while copper rose 1.2% to $4.4245.
Euro zone
European shares closed mostly lower today. The eurozone's STOXX 600 fell 0.33%, Germany's DAX fell 0.44% and France's CAC 40 fell 0.37%. Spain's IBEX 35 Index fell 0.32%, while London's FTSE 100 rose 0.29%.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Hong Kong's Hang Seng Index gaining 0.30%, China's Shanghai Composite Index gaining 1.17% and India's BSE Sensex falling 1.18%.
Economics
U.S. factory orders declined by 0.5% from the previous month to $584.2 billion in September compared to a revised 0.8% fall in August.
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