U.S. stocks traded mixed this morning, with the Dow Jones index gaining more than 100 points on Monday.
Following the market opening Monday, the Dow traded up 0.24% to 49,009.24 while the NASDAQ fell 0.06% to 23,448.80. The S&P 500 also rose, gaining, 0.05% to 6,942.71.
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Leading and Lagging Sectors
Materials shares gained by 0.8% on Monday.
In trading on Monday, energy stocks fell by 1.7%.
Top Headline
The Walt Disney Company (NYSE:DIS) reported better-than-expected first-quarter results.
Walt Disney reported quarterly earnings of $1.63 per share which beat the analyst consensus estimate of $1.57 per share. The company reported quarterly sales of $25.981 billion which beat the analyst consensus estimate of $25.741 billion.
Equities Trading UP
- Darkiris Inc. (NASDAQ:DKI) shares shot up 128% to $0.7601 after the company reported a year-over-year increase in FY25 revenue results.
- Shares of Fusemachines Inc. (NASDAQ:FUSE) got a boost, surging 91% to $3.0094 after the company announced a partnership with ModulAIre to bring Fusemachines AI Studio and related AI services to enterprise clients seeking to operationalize AI at scale within IBM-based environments.
- VenHub Global, Inc. (NASDAQ:VHUB) shares were also up, gaining 102% to $12.98. VenHub Global named Ian Rasmussen Executive as Vice President of Global Expansion, Partnerships.
Equities Trading DOWN
- Elong Power Holding Limited (NASDAQ:ELPW) shares dropped 86% to $1.89 after the company announced pricing of $7.6 million public offering.
- Shares of Phoenix Asia Holdings Limited (NASDAQ:PHOE) were down 81% to $25.00.
- INLIF Limited (NASDAQ:INLF) was down, falling 64% to $0.5048.
Commodities
In commodity news, oil traded down 4.6% to $62.21 while gold traded up 0.5% at $4,768.20.
Silver traded up 2.5% to $80.555 on Monday, while copper fell 1.8% to $5.8195.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.8%, while Spain's IBEX 35 Index rose 1%. London's FTSE 100 rose 1%, Germany's DAX gained 0.9% and France's CAC 40 gained 0.8% during the session.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei falling 1.25%, Hong Kong's Hang Seng Index dipping 2.23%, China's Shanghai Composite falling 2.48% and India's BSE Sensex gaining 1.17%.
Economics
The S&P Global manufacturing PMI rose to 52.4 in January, up from the preliminary reading of 51.9 and versus December's five-month low level of 51.8.
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