Benzinga - by Lisa Levin, Benzinga Editor.
U.S. stocks traded lower this morning, with the Dow Jones index falling over 100 points on Monday.
Following the market opening Monday, The Dow traded down 0.41% to 32,991.58 while the NASDAQ fell 0.33% to 12,940.56. The S&P 500 also fell, dropping, 0.33% to 4,210.14.
Check This Out: This Analyst With 85% Accuracy Rate Sees More Than 42% Upside In Amazon.com - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Leading and Lagging Sectors
Health care shares fell by just 0.1% on Monday.
In trading on Monday, energy shares dipped by 1.2%.
Top Headline
The Chicago Fed National Activity Index climbed to +0.02 in September versus a revised reading of -0.22 in the prior month.
Equities Trading UP
LumiraDx Limited (NASDAQ: LMDX) shares shot up 297% to $0.3451 after the company reported a strategic collaboration with AstraZeneca and Everton in the Community to set up England’s first community-based heart and lung screening hub.
Shares of INVO Bioscience, Inc. (NASDAQ: INVO) got a boost, shooting 209% to $1.67 as the company agreed to acquire NAYA Biosciences in an all-stock transaction.
Akumin Inc. (NASDAQ: AKU) shares were also up, gaining 90% to $0.2752 after the company reached an agreement with Stonepeak to become a private company.
Equities Trading DOWN
Li-Cycle Holdings Corp. (NYSE: LICY) shares dropped 41% to $1.3499 after the company announced plans to halt construction work on its Rochester Hub project, pending completion of a comprehensive review of the go-forward strategy for the project..
Shares of Revolution Medicines, Inc. (NASDAQ: RVMD) were down 38% to $17.31 after the company announced it presented clinical activity and safety data from its Phase 1/1b trial of RMC-6236.
XORTX Therapeutics Inc. (NASDAQ: XRTX) was down, falling 36% to $0.4081 after jumping more than 100% on Friday.
Also Check This Out: Top 4 Consumer Stocks That May Crash This Quarter
Commodities
In commodity news, oil traded down 0.8% to $87.39 while gold traded down 0.2% at $1,990.30.
Silver traded down 0.9% to $23.29 on Monday while copper rose 0.3% to $3.5740.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.5%, London’s FTSE 100 fell 0.4% while Spain’s IBEX 35 Index fell 0.8% The German DAX fell 0.6% French CAC 40 rose 0.1%, while Italy’s FTSE MIB Index declined 0.1%.
Asia Pacific Markets
Asian markets closed lower on Monday, with Japan’s Nikkei 225 falling 0.83% and China’s Shanghai Composite Index falling 1.47%. India’s S&P BSE Sensex, meanwhile, fell 0.8%.
Food prices in Singapore rose by 4.3% year-over-year in September following a 4.8% increase in August. Singapore's annual inflation rate rose to 4.1% in September from August's level of 4.0%.
Economics
The Chicago Fed National Activity Index climbed to +0.02 in September versus a revised reading of -0.22 in the prior month.
Now Read This: $15M Bet On Day One Biopharmaceuticals? Check Out These 3 Stocks Insiders Are Buying
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.