Dow Jumps Over 150 Points; Domino's Pizza Posts Upbeat Earnings

U.S. stocks traded higher this morning, with the Dow Jones index more than 150 points on Monday.

Following the market opening Monday, the Dow traded up 0.47% to 40,300.68 while the NASDAQ rose 0.13% to 17,405.94. The S&P 500 also rose, gaining, 0.31% to 5,542.29.

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Leading and Lagging Sectors

Industrials shares jumped by 0.7% on Monday.

In trading on Monday, information technology fell by 0.4%.

Top Headline

Domino’s Pizza, Inc. DPZ reported better-than-expected earnings for its first quarter on Monday.

The company posted quarterly earnings of $4.33 per share which beat the analyst consensus estimate of $4.07 per share. The company reported quarterly sales of $1.11 billion which missed the analyst consensus estimate of $1.13 billion.

Equities Trading UP
                       

• Galmed Pharmaceuticals Ltd. GLMD shares shot up 47% to $2.32. Galmed signed a term sheet for the development of novel semaglutide sublingual formulation.
• Shares of CG Oncology, Inc. CGONgot a boost, surging 36% to $30.47 after the company announced that cretostimogene grenadenorepvec monotherapy data was presented at the American Urological Association Annual Meeting.
• NaaS Technology Inc. NAAS shares were also up, gaining 53% to $2.75. NaaS Technology, last week, announced a 1-for-800 ADS ratio change.

Equities Trading DOWN

• Spruce Biosciences, Inc. SPRB shares dropped 31% to $0.09 after the company announced it approved a plan to implement a workforce reduction.
• Shares of Pineapple Financial Inc. PAPL were down 17% to $0.2241.
• Protara Therapeutics, Inc. TARA was down, falling 24% to $3.30 as the company announced interim results highlighting durable clinical responses with TARA-002 In high-risk NMIBC.

Commodities

In commodity news, oil traded down 0.2% to $62.92 while gold traded up 0.3% at $3,306.70.

Silver traded down 0.3% to $32.91 on Monday, while copper rose 0.4% to $4.9120.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 0.7%, Germany’s DAX 40 gained 0.7% and France’s CAC 40 gained 1%. Spain’s IBEX 35 Index gained 0.7%, while London’s FTSE 100 rose 0.4%.

Asia Pacific Markets

Asian markets closed mixed on Monday, with Japan’s Nikkei 225 surging 0.38%, China’s Shanghai Composite falling 0.20%, Hong Kong’s Hang Seng Index falling 0.04% and India’s BSE Sensex gaining 1.27%.

Economics

The Dallas Fed manufacturing index will be released today.

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