Loading...
Docoh

Mon. 27 Jun 2022, 10:05am ET Benzinga Earnings, News, Penny Stocks, Eurozone, Commodities, Small Cap, Global, Intraday Update, Markets

U.S. stocks traded lower this morning, with the Nasdaq Composite dropping over 100 points on Monday.

The Dow traded down 0.27% to 31,415.99 while the NASDAQ fell 0.94% to 11,498.08. The S&P also fell, dropping, 0.45% to 3,894.05.

Also check this: U.S. Durable Goods Orders And Other Macro Issues For Monday


Leading and Lagging Sectors


Energy shares jumped by 1.3% on Monday. Meanwhile, top gainers in the sector included HighPeak Energy, Inc. (NASDAQ:HPK), up 5% and Martin Midstream Partners L.P. (NASDAQ:MMLP) up 14%.


In trading on Monday, materials shares fell by 0.9%.


Top Headline


U.S durable goods orders rose 0.7% month-over-month in May, recording the third straight month of gain and exceeding market estimates of a 0.1% rise.


Equities Trading UP


Axsome Therapeutics, Inc. (NASDAQ:AXSM) shares shot up 38% to $33.72 after the company received proposed labeling from the U.S. Food and Drug Administration for its treatment of major depressive disorder.


Shares of GreenLight Biosciences Holdings (NASDAQ:GRNA) got a boost, shooting 24% to $3.36.


Martin Midstream Partners L.P. (NASDAQ:MMLP) shares were also up, gaining 14% to $4.1610. Martin Midstream Partners recently filed for mixed shelf of up to $250 million.


Equities Trading DOWN

Borqs Technologies, Inc. (NASDAQ:BRQS) shares tumbled 25% to $2.1392 following effect of 1:16 reverse stock split.


Shares of Wrap Technologies, Inc. (NASDAQ:WRAP) were down 13% to $2.04.


Polestar Automotive Holding UK PLC (NASDAQ:PSNY) was down, falling 13% to $11.28 amid post-SPAC merger volatility following the company's Friday debut as a public company.


Also check out: Nike, Jefferies + 3 Stocks To Watch Heading Into Monday


Commodities

In commodity news, oil traded down 1.4% to $106.07, while gold traded up 0.1% to $1,830.80.


Silver traded up 0.8% to $21.29 on Monday while copper rose 0.3% to $3.7510.



Euro zone


European shares were mixed today. The eurozone’s STOXX 600 rose 0.1%, London’s FTSE 100 rose 0.4% while Spain’s IBEX 35 Index fell 0.6%. The German DAX gained 0.2%, French CAC 40 fell 0.6% and Italy’s FTSE MIB Index fell 1%.


Economics


U.S durable goods orders rose 0.7% month-over-month in May, recording the third straight month of gain and exceeding market estimates of a 0.1% rise.


The pending home sales index rose to 99.90 in May from prior reading of 99.20.


The Treasury is set to auction 6-month bills and 2-year notes at 11:30 a.m. ET.


The Treasury will auction 3-month bills and 5-year notes at 1:00 p.m. ET.

Check out this: U.S. Stock Futures Higher Following Friday's Rally

Check out our premarket coverage here

COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 88,794,280 cases with around 1,040,800 deaths. India confirmed a total of at least 43,407,040 cases and 525,020 deaths, while Brazil reported over 32,078,630 COVID-19 cases with 670,450 deaths. In total, there were at least 549,063,210 cases of COVID-19 worldwide with more than 6,351,060 deaths.