Market Overview
U.S. stocks experienced a mixed trading session, culminating with the Nasdaq Composite climbing higher on Monday.
The Dow recorded a 0.37% decline, closing at 39,331.42, while the NASDAQ saw a 0.06% increase to 16,439.38. The S&P 500 also dropped by 0.12%, settling at 5,227.95.
Sector Performance
Energy shares surged by 1% on Monday, exemplifying resilience amidst market fluctuations.
Conversely, industrials shares experienced a 0.5% decline, showcasing the volatile nature of equities trading.
Equities Trading Movements
In an eventful day for equities trading, Landos Biopharma, Inc. witnessed a meteoric rise of 169% to $21.48, fueled by strategic acquisitions and market developments.
On the flip side, Akanda Corp. shares plunged by 33% to $0.1640, indicating a tumultuous period for the company following a public offering.
Commodities Update
Oil prices saw a notable 1.7% increase to $81.98, while the allure of gold remained steady, trading up 0.7% at $2,174.60.
Silver experienced a marginal decline of 0.1% to $24.84, whereas copper showcased a slight uptick of 0.1% to $4.0125.
Global Markets Roundup
European bourses displayed a mixed performance, with notable gains in some markets such as Germany’s DAX, juxtaposed with mild losses in London’s FTSE 100.
Meanwhile, Asian markets closed lower, with Japan’s Nikkei 225, Hong Kong’s Hang Seng Index, and China’s Shanghai Composite Index all experiencing declines.
Economic Insights
The Chicago Fed National Activity Index surged to a three-month high of 0.05 in February, reflecting positive economic momentum amid market uncertainties.
Sales of new single-family houses in the U.S. saw a slight dip of 0.3% in February, underscoring the ever-changing landscape of the real estate sector.
