U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 1% on Monday.
The Dow traded up 0.15% to 50,941.50 while the NASDAQ rose 1.41% to 26,071.31. The S&P 500 also rose, gaining, 0.73% to 7,437.98.
Leading and Lagging Sectors
Information technology shares jumped by 2.5% on Monday.
In trading on Monday, communication services stocks fell by 1.1%.
Top Headline
Shares of Motorcar Parts of America (NASDAQ: MPAA ) jumped around 37% after the company reported earnings for the fourth quarter.
The company reported quarterly earnings of 49 cents per share which beat the analyst consensus estimate of 33 cents per share. The company reported quarterly sales of $212.275 million which beat the analyst consensus estimate of $175.960 million.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded up 1.2% to $91.64 while gold traded down 0.4% at $4,345.90.
Silver traded down 1.6% to $68.030 on Monday, while copper rose 1.2% to $6.3565.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.2%, while Spain's IBEX 35 Index fell 0.3%. London's FTSE 100 fell 0.2%, Germany's DAX slipped 0.5%, while France's CAC 40 slipped 0.1%.
Asia Pacific Markets
Asian markets closed lower on Monday, with Japan's Nikkei 225 falling 3.85%, Hong Kong's Hang Seng Index declining 1.22%, China's Shanghai Composite dipping 1.70% and India's BSE Sensex falling 0.97%.
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