U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 150 points on Monday.
The Dow traded up 0.40% to 42,825.71 while the NASDAQ rose 0.02% to 19,215.06. The S&P 500 also rose, gaining, 0.13% to 5,965.84.
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Leading and Lagging Sectors
Consumer staples shares rose by 0.1% on Monday.
In trading on Monday, energy stocks dipped by 1.5%.
Top Headline
Global Ship Lease, Inc. GSL reported upbeat results for the first quarter on Monday.
The company posted quarterly earnings of $2.65 per share which beat the analyst consensus estimate of $2.31 per share. The company reported quarterly sales of $190.97 million which beat the analyst consensus estimate of $175.23 million.
Equities Trading UP
- DigiAsia Corp. FAAS shares shot up 188% to $0.5351 after the company announced the launch of Bitcoin treasury reserve strategy. The company said it is exploring up to $100 million capital raise to acquire Bitcoin.
- Shares of Protagenic Therapeutics, Inc. PTIX got a boost, surging 163% to $7.96 after the company entered a business combination with Phytanix
- Novavax, Inc. NVAX shares were also up, gaining 8% to $7.29 after the company provided FY25, 2026, and 2027 R&D and SG&A expense guidance. The FDA gave its conditional approval to its COVID-19 vaccine, targeting specific populations under particular conditions.
Equities Trading DOWN
- Gilat Satellite Networks Ltd. GILT shares dropped 9% to $6.08 after the company reported a first-quarter revenue miss.
- Shares of Quantum Computing Inc. QUBT were down 10% to $11.64. Quantum Computing, last week, reported better-than-expected first-quarter EPS results.
- Archer Aviation Inc. ACHR was down, falling 10% to $12.01.
Commodities
In commodity news, oil traded up 0.1% to $62.51 while gold traded up 1.4% at $3,233.
Silver traded up 0.2% to $32.410 on Monday, while copper rose 1% to $4.6390.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 fell 0.20%, while Spain’s IBEX 35 Index rose 0.06%. London’s FTSE 100 fell 0.14%, Germany’s DAX 40 gained 0.28% and France’s CAC 40 slipped 0.30% during the session.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan’s Nikkei falling 0.68%, Hong Kong’s Hang Seng Index declining 0.05%, China’s Shanghai Composite Index falling 0.004% and India’s BSE Sensex declining 0.33%.
Economics
The CB Leading Index fell 1% month-over-month in April.
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