Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Lisa Levin

UNBELIEVABLE: Us stocks open higher dow jumps 250 points - Caught on Camera

United States Dow Jones Nasdaq NYSE

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 250 points on Monday.

Following the market opening Monday, the Dow traded up 0.90% to 28,983.55 while the NASDAQ rose 0.33% to 10,611.02. The S&P 500 also rose, gaining, 0.79% to 3,614.08.

Also check this: Nike, Lululemon, Dick's Sporting Goods And Other Big Losers From Friday


Leading and Lagging Sectors


Energy shares jumped by 4.9% on Monday.


In trading on Monday, consumer discretionary shares fell by 1.8%.


Top Headline


The final reading of S&P Global manufacturing PMI was revised higher to 52 for September from preliminary reading of 51.8 and up from 51.5 in August.

 

Equities Trading UP

 

  • FingerMotion, Inc. (NASDAQ:FNGR) shares shot up 56% to $5.27 after the stock rose more than 80% Friday.
  • Shares of Avenue Therapeutics, Inc. (NASDAQ:ATXI) got a boost, shooting 33% to $13.39.
  • Myovant Sciences Ltd. (NYSE:MYOV) shares were also up, gaining 35% to $24.17 after the company received an acquisition offer from Sumitovant Biopharma and Sumitormo Pharma to acquire the company for $22.75 per share in cash.

 

Equities Trading DOWN

  • Clene Inc. (NASDAQ:CLNN) shares tumbled 30% to $1.96 after the company released topline results from the Healey ALS Platform trial of CNM-Au8, an investigational gold nanocrystal suspension, in participants with amyotrophic lateral sclerosis (ALS).
  • Shares of Blue Apron Holdings, Inc. (NYSE:APRN) were down 26% to $4.3025 after the company announced an equity distribution agreement allowing the company to sell up to $15M of stock.
  • American Virtual Cloud Technologies, Inc. (NASDAQ:AVCT) was down, falling 23% to $2.3101. American Virtual Cloud Technologies, on Friday, announced the intent to effect a reverse stock split.


Also check out: Dow Tumbles 500 Points, Volatility In Markets Increases Further


Commodities

In commodity news, oil traded up 6% to $84.24, while gold traded up 0.2% at $ 1,675.90.


Silver traded up 5.3% to $20.055 on Monday while copper fell 1.1% to $3.3765.


Euro zone


European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.3%, London’s FTSE 100 fell 0.1% while Spain’s IBEX 35 Index rose 0.7%. The German DAX gained 0.3%, French CAC 40 slipped 0.1% and Italy’s FTSE MIB Index gained 1.1%.

The S&P Global Eurozone manufacturing PMI was revised lower to 48.4 in September compared to a preliminary reading of 48.5. The S&P Global/CIPS manufacturing PMI for UK was revised lower to 48.4 in September from a preliminary level of 48.5, while German manufacturing PMI fell to 47.8 in September from a preliminary reading of 48.3.

The S&P Global French manufacturing PMI fell to 47.7 in September versus 50.6 in the previous month, while Italian manufacturing PMI rose to 48.3 in September from the 48 a month ago. The S&P Global manufacturing PMI for Spain dropped to 49 in September from 49.9 in the prior month.


Economics

 

  • The final reading of S&P Global manufacturing PMI was revised higher to 52 for September from preliminary reading of 51.8 and up from 51.5 in August.
  • The ISM Manufacturing PMI for September will be released at 10:00 a.m. ET. The ISM manufacturing index might rise slightly to 52.9 in September from 52.8 in August.
  • Data on construction spending for August will be released at 10:00 a.m. ET. Analysts expect construction spending declining 0.3% in August following a 0.4% drop in the previous month.
  • The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
  • Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 11:45 a.m. ET.
  • Kansas City Federal Reserve Bank President Esther George will speak at 2:15 p.m. ET.

Check out this: Investor Fear Eases Slightly Despite Dow Dipping Around 9% In September


COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 98,254,650 cases with around 1,084,890 deaths. India confirmed a total of at least 44,597,490 cases and 528,700 deaths, while France reported over 35,475,260 COVID-19 cases with 155,110 deaths. In total, there were at least 623,554,200 cases of COVID-19 worldwide with more than 6,550,950 deaths.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Man allegedly bumps into woman’s car twice, then drives into a Krispy Kreme. She says he wasn’t supposed to be driving anyway.
She says he hit her car twice before he accelerated.
We Got This Covered
We Got This Covered
Psychology says people who carefully unwrap the aluminum foil around their food aren't obsessive, they may prefer neatness over mess
Psychology suggests that people who carefully open the aluminum foil around their food aren't necessarily perfectionists or overly controlling. How someone opens a package tells only a small part of a much larger psychological story.
The Economic Times
The Economic Times
Psychology says people who keep sharing life anecdotes aren't trying to make everything about themselves, they may think through stories
Psychology suggests that people who frequently share life anecdotes aren't necessarily self-centered. They may believe that a personal story becomes most meaningful when it helps create a connection rather than simply shifting attention.
The Economic Times
The Economic Times
Psychology says people who talk really slowly aren't nervous or underconfident, they may be choosing their words more carefully
Psychology says that people who talk really slowly aren't necessarily shy, anxious, or lacking confidence. Understanding why someone speaks slowly is far more meaningful than judging the speed of their words.
The Economic Times
The Economic Times
What watching people restock their cupboards tells us about aesthetics and authenticity on social media
There are few things a good influencer can’t turn into engaging content. Social media has made even the smallest aspects of our daily lives entertaining and “aesthetic”. Viral trends have developed around what we might consider boring, mundane tasks, such as restocking the refrigerator or cupboards.
The Conversation
The Conversation
Billionaires Race To Buy $30M T. Rex Fossil for Their Collections; Scientists Fear Losing Access to History
A rare T. rex fossil could fetch $30 million (£22 million), raising fears that private buyers are pricing museums out of the market and limiting scientific research on significant prehistoric finds.
International Business Times UK
International Business Times UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play