Nasdaq Surges Over 100 Points, US Durable Goods Orders Decline In November

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining more than 100 points on Monday.

The Dow traded down 0.10% to 42,796.25 while the NASDAQ gained 0.72% to 19,713.64. The S&P 500 also rose, gaining, 0.38% to 5,953.43.

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Leading and Lagging Sectors

Information technology shares rose by 0.3% on Monday.

In trading on Friday, consumer staples shares fell by 1.1%.

Top Headline

U.S. durable goods orders fell 1.1% month-over-month to $285.1 billion in November compared to a revised 0.8% gain in October and versus market estimates of a 0.4% decline.

Equities Trading UP
                       

• Traws Pharma, Inc. (TRAW) shares shot up 256% to $17.89 after the company announced progress in the development of Tivoxavir Marboxi.
• Shares of Reliance Global Group, Inc. (RELI) got a boost, surging 192% to $3.5040 after the company issued a year-end review of its operations, as well as a look to the future.
• Rumble Inc. (RUM) shares were also up, gaining 70% to $12.16 after the company announced it has entered into a definitive agreement for a strategic investment of $775 million from Tether.

Equities Trading DOWN

• iLearningEngines, Inc. (AILE) shares dropped 67% to $0.2945 after the company announced it voluntarily filed for Chapter 11 Bankruptcy.
• Shares of MGO Global, Inc. (MGOL)  were down 60% to $0.3769 after the company announced the pricing of upsized $6.0 million public offering.
• Castellum, Inc. (CTM) was down, falling 31% to $0.4125 after the company announced the pricing of a $3.6 million registered direct offering of 9.47 million shares at $0.38 per share.

Commodities

In commodity news, oil traded down 0.8% to $68.94 while gold traded down 0.7% at $2,626.70.

Silver traded up 0.3% to $30.050 on Monday, while copper fell 0.3% to $4.0870.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 gained 0.20%, Germany's DAX fell 0.13% and France's CAC 40 fell 0.08%. Spain's IBEX 35 Index fell 0.42%, while London's FTSE 100 rose 0.03%.

Asia Pacific Markets

Asian markets closed mostly higher on Monday, with Japan's Nikkei 225 gaining 1.19%, Hong Kong's Hang Seng Index gaining 0.82%, China's Shanghai Composite Index declining 0.50% and India's BSE Sensex gaining 0.64%.

Economics

• The Chicago Fed National Activity Index rose to -0.12 in November compared to a revised reading of -0.5 in October.
• U.S. durable goods orders fell 1.1% month-over-month to $285.1 billion in November compared to a revised 0.8% gain in October and versus market estimates of a 0.4% decline.
• U.S. building permits gained by 5.2% to an annualized rate of 1.493 million in November compared to initial estimates of 1.505 million.

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