U.S. stocks traded mostly higher this morning, with the Dow Jones index gaining more than 200 points on Monday.
Following the market opening Monday, the Dow traded up 0.41% to 51,775.92 while the NASDAQ fell 0.14% to 26,481.57. The S&P 500 also rose, gaining, 0.21% to 7,516.48.
Leading and Lagging Sectors
Financial shares jumped by 0.9% on Monday.
In trading on Monday, communication services stocks fell by 2.3%.
Top Headline
Outdoor Holding Company (NASDAQ: POWW ) shares fell more than 2% on Monday after the company reported results for the fourth quarter.
The company reported quarterly losses of 3 cents per share which missed the analyst consensus estimate of loss of 1 cent per share. The company reported quarterly sales of $13.889 million which beat the analyst consensus estimate of $12.700 million.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded down 1% to $75.83 while gold traded down 0.7% at $4,218.20.
Silver traded up 0.1% to $66.405 on Monday, while copper fell 0.2% to $6.3730.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.3%, while Spain’s IBEX 35 Index rose 0.6%. London’s FTSE 100 rose 0.6%, Germany’s DAX gained 0.1%, while France’s CAC 40 fell 0.5%.
Asia Pacific Markets
Asian markets closed mostly higher on Monday, with Japan’s Nikkei 225 gaining 1.55%, Hong Kong’s Hang Seng Index falling 0.65%, China’s Shanghai Composite jumping 1.78% and India’s BSE Sensex climbing 0.38%.
Economics
No major economic reports are scheduled for released today.
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