The Dow increased 0.34 percent to 34,987.02 at the close of trading Monday, while the NASDAQ rose 0.08 percent to 14,713.30. The S&P 500 increased 0.26 percent to 4,380.72.
The United States has the largest number of coronavirus cases and deaths in the world, with 33,854,110 cases and 607,150 deaths reported. India confirmed 30,874,370 cases and 408,760 deaths, whereas Brazil recorded 19,089,940 COVID-19 cases and 533,480 deaths. According to data provided by Johns Hopkins University, there were at least 186,846,570 cases of COVID-19 worldwide, with more than 4,032,630 deaths.
Sectors that are leading and those that are lagging
On Monday, financial stocks increased by 1%. State Auto Financial Corporation (NASDAQ: STFC), up 191 percent, and Upstart Holdings, Inc. (NASDAQ: UPST), up 7 percent, were among the sector’s top gainers.
Consumer staples stocks dipped 0.3 percent in Monday’s session.
Headline 1:
The clinical stage antibody PRX004 and larger ATTR amyloidosis program of Prothena Corporation plc (NASDAQ: PRTA) will be acquired by Novo Nordisk A/S (NYSE: NVO).
PRX004 is a Phase 2 immunotherapy that is meant to decrease the amyloid deposits associated with ATTR amyloidosis disease pathogenesis. Prothena is eligible for up to $1.2 billion in milestone payments under the terms of the agreement, including $100 million in upfront and near-term clinical milestone payments.
Equities are rising in value.
After agreeing to be acquired by Liberty Mutual Insurance for $52 per share in cash, State Auto Financial Corporation (NASDAQ: STFC) shares soared 191 percent to $50.28.
Origin Agritech Limited (NASDAQ: SEED) saw its stock rise by 29% to $11.62 after the business revealed it had increased its GMO trait repertoire.
After the business released findings from its CDX-0159 Phase 1b study in chronic inducible urticaria, Celldex Therapeutics, Inc. (NASDAQ: CLDX) shares were up 23 percent to $39.85. The stock’s Buy recommendation was maintained by HC Wainwright & Co, which boosted its price objective from $36 to $50.
Take a look at today’s big movers.
Trading in equities is down.
After falling almost 33% on Friday, shares of Moving iMage Technologies, Inc. (NASDAQ: MITQ) fell 23% to $12.27. Moving iMage Technologies’ initial public offering (IPO) of 4.2 million common shares was recently priced at $3 per share.
ToughBuilt Industries, Inc. (NASDAQ: TBLT) shares were down 32% to $0.7161. Toughbuilt Industries’ stock rose more than 45 percent on Friday after the business reported $5.48 million in first-half Amazon sales, up 118 percent year over year.
The stock of BIT Mining Limited (NYSE: BTCM) dropped 19 percent to $5.55 after the business announced a $50 million private placement.
Commodities
Oil fell 0.9 percent to $73.86, while gold fell 0.2 percent to $1,806.70, according to commodity reports.
Silver rose 0.1 percent to $26.255 on Monday, while copper dropped 0.6 percent to $4.3215.
The Eurozone
Today’s European stock market close was positive. The STOXX 600 index in the eurozone increased by 0.69 percent, while the Spanish Ibex Index increased by 0.46 percent and the German DAX 30 increased by 0.65 percent. Meanwhile, the FTSE 100 in London increased by 0.05 percent, the CAC 40 in France increased by 0.46 percent, and the FTSE MIB in Italy increased by 0.92 percent.
Following a 9.7% increase in April, wholesale prices in Germany increased by 10.7% year on year in June.
Economics
On Monday’s economic calendar, no significant data is scheduled to be released.
The complete economic calendar can be seen here (C) 2021. Benzinga.com. Benzinga does not offer financial advice. All intellectual property rights are reserved./n
