Crude Oil Gains Over 2%; US Dallas Fed Manufacturing Index Surges In August - PG&E (NYSE:PCG), BioMarin P

<?xml encoding="utf-8" ?>

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

The Dow traded down 0.64% to 53,219.55 while the NASDAQ dipped 0.40% to 26,296.20. The S&P 500 also fell, dropping, 0.51% to 7,672.80.

Leading and Lagging Sectors

Energy shares jumped by 1.8% on Monday.

In trading on Monday, communication services stocks fell by 1.9%.

Top Headline

The Dallas Fed’s general business activity index for Texas manufacturing surged to 11.6 in August, recording the strongest reading since Jan. 2025, and compared to 1.3 in July.

Equities Trading UP
           

Collplant Biotechnologies Ltd – ADR (NASDAQ: CLGN ) shares shot up 123% to $0.80 as the company announced a deal to acquire a photonic computing firm LightSolver Ltd. Shares of Ascendis Pharma A/S (NASDAQ: ASND ) got a boost, surging 6% to $262.76. On Sunday, BioMarin Pharmaceutical Inc. (NASDAQ: BMRN ) reached a binding settlement with Ascendis Pharma to resolve all global patent disputes regarding the medication Yuviwel. Titan Machinery Inc (NASDAQ: TITN ) shares were also up, gaining 13% to $20.16. Titan Machinery recently reported mixed second-quarter financial results. Trending

Equities Trading DOWN

FingerMotion Inc (NASDAQ: FNGR ) shares dropped 39% to $0.24, giving back some of Friday’s gains after the company unveiled plans to expand into AI-focused data centers. Shares of Edison International (NYSE: EIX ) were down 23% to $53.90 after Mizuho downgraded the stock from Outperform to Neutral and lowered its price target from $86 to $70. PG&E Corp (NYSE: PCG ) was down, falling 20% to $13.27 after several analysts, including, BMO Capital, Mizuho and Wells Fargo downgraded ratings on the stock.

Commodities

In commodity news, oil traded up 2.5% to $85.50 while gold traded down 1.3% at $4,473.10.

Silver traded down 1.4% to $66.870 on Monday, while copper rose 0.6% to $6.7015.

Euro zone

European shares were mostly lower today. The eurozone’s STOXX 600 slipped 0.3%, while Spain’s IBEX 35 Index rose 0.1%, London’s FTSE 100 rose 0.3%, Germany’s DAX dipped 0.9%, while France’s CAC 40 fell 0.2%.

Asia Pacific Markets

Asian markets closed mostly lower on Monday, with Japan’s Nikkei 225 falling 0.14%, Hong Kong’s Hang Seng index declining 0.07%, China’s Shanghai Composite gaining 0.86% and India’s BSE Sensex falling 0.40%.

Economics

The Dallas Fed’s general business activity index for Texas manufacturing surged to 11.6 in August, recording the strongest reading since Jan. 2025, and compared to 1.3 in July.

Photo via Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here .

---

Posted In: Markets Trading Ideas Intraday Update News Commodities Eurozone Equities Mid-Day Market Update