U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining more than 300 points on Monday.
The Dow traded up 0.80% to 39,463.48 while the NASDAQ fell 0.42% to 17,614.80. The S&P 500 also rose, gaining, 0.20% to 5,475.44.
Leading and Lagging Sectors
Energy shares jumped by 2.6% on Monday.
In trading on Monday, information technology shares fell by 1.1%.
Top Headline
The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas improved to -15.1 in June compared to -19.4 in May.
Equities Trading UP
- Agrify Corporation (NASDAQ:AGFY) shares shot up 107% to $0.5229.
- Shares of MicroAlgo Inc. (NASDAQ:MLGO) got a boost, surging 97% to $7.63.
- Alimera Sciences, Inc. (NASDAQ:ALIM) shares were also up, gaining 76% to $5.54 after the company announced that signed a definitive agreement to be acquired by ANI Pharmaceuticals.
Equities Trading DOWN
- eFFECTOR Therapeutics, Inc. (NASDAQ:EFTR) shares dropped 74% to $0.3034 after the company announced that it has terminated its employees and will wind down its operations. Also, the company announced it plans to voluntarily request a delisting of its securities on the Nasdaq.
- Shares of American Rebel Holdings, Inc. (NASDAQ:AREB) were down 33% to $0.5090. American Rebel, last week, signed a distribution agreement with Dichello Distributors.
- Allarity Therapeutics, Inc. (NASDAQ:ALLR) was down, falling 28% to $0.3214 after the company announced that it received a noncompliance letter from the Nasdaq.
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Commodities
In commodity news, oil traded up 1.1% to $81.59 while gold traded up 0.5% at $2,343.10.
Silver traded down 0.2% to $29.545 on Monday, while copper fell 0.1% to $4.4360.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.7%, Germany's DAX rose 0.9% and France's CAC 40 climbed 1%. Spain's IBEX 35 Index jumped 1.3%, while London's FTSE 100 rose 0.5%.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei gaining 0.54%, Hong Kong's Hang Seng Index declining 0.01%, China's Shanghai Composite Index falling 1.17% and India's S&P BSE Sensex gaining 0.17%.
Economics
The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas improved to -15.1 in June compared to -19.4 in May.
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